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← ArchiveDaily BriefingGenerated 06:00 UTC

Sunday, 31 May 2026

Bitcoin faces miner hashrate contraction amid ongoing exchange inflows.

Threat: QUIETConviction: 68/10019 sources
Share
BTC Price$73,959
24h Change0.61%
Fear & Greed28
Hashrate1004.4 EH/s
MVRV1.36
Block Height951,806
S&P 5007,580.06
VIX15.32
Gold$4593
DXY98.94
US 10Y4.45%
Oil$87.36

V. Outlook

Bitcoin price action remains trapped in a narrow band while exchange inflows accelerate and MVRV sits below 2, indicating holders continue to offload rather than defend levels near 74,000. Miners face sustained margin compression after the halving with hashrate already down more than 10 percent year to date, yet the network difficulty adjustment due in two weeks will only partially restore profitability and cannot reverse the underlying contraction. This combination leaves Bitcoin exposed to further distribution if spot demand fails to absorb the incremental supply, even as geopolitical oil disruptions and contained macro stress provide no immediate catalyst for risk assets. The market has cleaned leverage but shows no evidence that reduced positioning will translate into accumulation at current valuations.

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