Market Outlook: Extreme Pessimism Brewing a "Reversal Opportunity"


Looking ahead, the JPMorgan team believes that as long as Bitcoin's price remains significantly below the $78,000 cost baseline, the network's hash rate sensitivity to price will stay high. This suggests that in the future, Bitcoin's total network hash rate and mining difficulty may experience more frequent and larger adjustments.

However, based on historical experience, when market sentiment is generally pessimistic, it often also breeds the next rebound opportunity.
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