Miners are betting on rising prices?

Miners-are-betting-on-rising-prices

- Bitcoin's price swing and Puell Multiple's upward trend soon caused Bitcoin's price to rise.
- Also, in the past, Puell Multiple's upward conversion after the bottom of 100MA preceded the price increase.
- The price did not move, but the hash rate increased similarly. (Prices have risen.)

We can ask one question.
Profits are declining, but why are you working harder at mining?

Yes, the miners are more active in mining bitcoin. Although prices are not going up. Most miners used to move ahead of the market. It's not 100 percent, but miners seem to be hoping for a rise despite poor profitability.
If prices don't go up the miners will be frustrated and the hash rate will go down again and deposit bitcoins to cover the losses.
That's why we need to look at the hash rate and the Exchange Inflow CDD.