CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions
Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju.
Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju.
Bitcoin’s rising hashrate represents an “indirect bullish signal” from institutional investors that are backing several public Bitcoin miners, according to analytics platform CryptoQuant’s founder and CEO, Ki Young Ju.
“Higher hashrate means stronger security and better fundamentals as a store of value,” wrote Ju in a Thursday X post, adding that he sees this as a bullish signal since public miners are largely backed by traditional finance (TradFi) institutions.
Still, global hashrate remained below its peak of 1,305 EH/s clocked in October 2025, when Bitcoin’s price was trading above $111,000. It was last trading at roughly $81,843 as Thursday’s US equities markets opened.