Ki Young Ju notes Bitcoin hashrate returning to an uptrend as miners run at full capacity, citing stronger security and indirect bullish signals from TradFi-backed public miners.

According to the source, JPMorgan said the Bitcoin network hashrate fell for the second consecutive month in December, marking a two-month downtrend in mining activity (source: JPMorgan research note, January 2026). Bitcoin’s protocol reduces mining difficulty after sustained hashrate declines roughly every 2016 blocks, which can temporarily alter miner economics and block interval dynamics that traders monitor for BTC supply impacts (source: Bitcoin.org Developer Guide). Traders should watch the timing and magnitude of the next difficulty adjustment and any JPMorgan updates on miner conditions to gauge near-term BTC market reaction (source: JPMorgan research; source: Bitcoin.org Developer Guide).

According to @CoinMarketCap, VanEck analysts said Bitcoin's hashrate compressed and fell 4% over the month ending Dec. 15, a setup they view as a bullish contrarian signal that could precede a BTC price rebound; source: CoinMarketCap post on X dated Dec 23, 2025 citing VanEck analysts. For trading, this implies increased near-term upside risk for BTC if the signal holds, as stated by VanEck analysts; source: CoinMarketCap post on X dated Dec 23, 2025 citing VanEck analysts.

According to @simplykashif, Reuters reports Hashrate Index data showing China has returned to No. 3 globally in Bitcoin (BTC) mining with approximately a 14% hashrate share, per Reuters and Hashrate Index. Reuters adds that individuals and companies in China have resumed mining primarily due to cheaper electricity in certain provinces, per Reuters. For traders, the reported increase in China’s share is a timely input for tracking BTC network hashrate and difficulty that shape miner revenue per hash, per Hashrate Index and Reuters.

According to the source, Canaan secured $72 million in strategic equity, is refocusing on BTC mining rigs, and is ramping US production (source: the source). For trading, monitor NASDAQ: CAN price action alongside ASIC miner pricing, US delivery lead times, and miner capex and hashrate/difficulty trends, validating developments via Canaan investor updates and Bitcoin network statistics (source: Canaan investor materials; BTC.com network data).