Bitcoin: Hash Rate Declines for Record 250 Days

Bitcoin hash rate has declined for 250 consecutive days, triple the prior record of 91 days set in the 2022 bear market and far exceeding the 63-day stretch in 2018.

Every major public miner has shifted capacity toward AI data centers, draining network security at a scale unseen in the last 12 months.

On the 4h chart, BTC trades at $64722.16 inside the Bollinger Bands with price testing upper resistance at $65043.74 while the MACD golden cross at 283.83 and EMA50 support at $63901.36 keep the structure bullish; a measured pullback toward that EMA50 level remains the high-probability next move before continuation.