CryptoQuant CEO: Rising Bitcoin Hashrate an ‘Indirect Bullish Signal’

The signal here is less about hashrate as a price indicator and more about who is funding it: Ki Young Ju frames the recovery as TradFi-backed miners returning, which ties network fundamentals to institutional capital flows rather than to retail mining economics. That distinction matters because it suggests mining capacity is increasingly concentrated among better-capitalized operators, a structural shift for network security and miner behavior alike. Whether that capital stays through another margin squeeze, and how concentrated the mining base becomes, is the open question worth watching.