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Bitcoin’s hash rate — a key metric that measures a network’s total computing power — posted a V-shaped recovery in February.
This sudden turnaround has raised hopes that Bitcoin can end its five-month losing streak and stage a strong recovery.
The correlation of the hash rate with the price indicates a possible bullish scenario
A previous report issued by BeIN Crypto indicated that Bitcoin hash rate has suffered a major shock In early 2026, a severe polar cold swept the United States.
Freezing temperatures, heavy snowfall and high demand for heating have strained the national power grid. Authorities have issued energy conservation orders, and many areas have experienced localized power outages.
As a result, The network hash rate has decreased by about 30%.. About 1.3 million mining machines stopped working, slowing the production of blocks.
From February, the data showed a rapid turnaround. The hash rate bounced back from under 850 EH/s to over 1 ZH/s, retracing almost all of the previous significant bearish adjustment.
Mononote, a Mempool developer, commented that Bitcoin mining has become about 15% harder, with the largest increase in absolute difficulty ever, completely erasing the significant downward adjustment of the previous cycle.
Despite the recovery in hashrate, the price of Bitcoin continues to fluctuate below 70,000 and has not shown the same strength. According to the market analysis platform Hedge Eye, the cost of mining one Bitcoin in February About 84,000 dollar This indicates that many miners are still operating at a loss.
The increase in hash rates reflects the return of computing power. Miners have restarted their machines and are more optimistic about the long-term profitability of Bitcoin.
Historical data shows that a strong V-shaped recovery in hashrate often coincides with a strong rebound in price.
A notable example occurred in the middle of 2021. After China imposed a ban on Bitcoin mining, the hash rate fell by more than 50%, dropping from 166 EH/s to 95 EH/s in July. After several months, the hashrate recovered in a V shape to correspond to a strong rebound in the price. By the end of the year, Bitcoin had risen from around $30,000 to over $60,000.
Satokis, a senior figure in the Bitcoin community, said that the hash rate in the Bitcoin network has recovered strongly after the recent decline, which is a strong sign that the confidence of miners remains intact and they are back in business. He said that historically, the hash rate is considered a main indicator in recoveries and that the price often follows the hash rate.
Cryptoquant data on the flow of Bitcoin from miners supports the view that miners expect the price to recover. The 7-day average outflow from miners’ wallets has fallen to its lowest levels since May 2023.
These trends indicate that miners are no longer aggressively selling their holdings. Instead, they seem to be holding them, waiting for a potential retaliation.
Additional analysis from BeInCrypto underscores that any sustained recovery at this stage requires confirmation for a break above $71,693.
