Someone insists that BTC mining companies have been changing to AI companies.

Source: Bitcoin Magazine Pro

But, the fact is BTC hashrate declined -20% approximately, compared to ATH(All Time High). Then, you can ask back, "So, is it a deep decline?"

In 2021, BTC hashrat collapsed around -50%

In 2018, it fell -30 ~ -40%.

..? 🤔

It sounds that BTC miners turned off lots of mining machines, and sold at market prices. But, the current correction of BTC hashrate is even smaller than 2018 and 2021..?

Source: @TheRealPlanC on X

PMI(Purchasing Managers Index) is still 52.7. It seems that retail speculators are paying risks only for stock markets. That's why altcoins are still around ATL(All Time Low).

I think not enough bubbles can't make enough price correction. So, cryptos won't likely have deep price corrections anymore.