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Bitcoin hashrate is back in an uptrend, with miners running at full capacity. Ki Young Ju, founder and CEO of CryptoQuant, described this higher hashrate as meaning stronger security and better fundamentals as a store of value. He added that the backing of public miners by traditional financial giants serves as an indirect bullish signal from institutional investors, in his opinion.
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Earlier, Ki Young Ju said Bitcoin was still in the early stages of a bull market, cautioning that recent corrections were not signals of a new bear phase. He has also introduced an AI tool to gauge analyst sentiment across platforms. These initiatives highlight his ongoing focus on market structure and investor perspectives.