CryptoQuant CEO Ki Young Ju says rising Bitcoin hashrate is an ‘indirect bullish signal’ from institutions, since most public miners are backed by traditional finance firms. Hashrate has recovered about 45% from its July low of 726 EH/s to roughly 1,050 EH/s on Wednesday, but remains below the October 2025 peak of 1,305 EH/s, when BTC traded above $111,000; it was last near $81,843. NIP Group (NIPG) agreed to buy about 4.47 EH/s of deployed mining hardware in a third tranche, expected to bring total hashrate across three tranches to 13.85 EH/s, versus 3.11 EH/s currently operating. NIPG shares fell 6.8% to $6.10 and are down 86% over the past year, while TeraWulf, Core Scientific, Cipher Mining and IREN each dropped about 12% after higher-than-expected inflation data.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: CryptoQuant CEO Calls Rising Bitcoin Hashrate Indirect Bullish Signal from Institutions
Read the original on cointelegraph.com ↗
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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