CryptoQuant CEO Ki Young Ju stated that the rise in Bitcoin's hashrate is an "indirect bullish signal" from institutions.
Ki Young Ju noted that public mining companies backed by major traditional finance (TradFi) players are coming back online, thereby boosting Bitcoin's hashrate, which is a positive signal for BTC's fundamentals.
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CryptoQuant CEO calls rising Bitcoin hashrate an "indirect bullish signal" from institutions.
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