Bitcoin News
By Bruce Buterin
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The $30 Billion Bet on AI. It's not capitulation. That's the key thing to get right here.
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MPI Drops to -1.2 as Selling Halts. New on-chain data from Bitfinex for September 2026 shows the MPI has dropped sharply to -1.2.
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What the Hashrate Drop Actually Means. The 56 EH/s reduction is worth dwelling on. That's a massive chunk of Bitcoin's global mining…
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Major Bitcoin miners have stopped selling. Just like that. After months of aggressive liquidation to fund a massive pivot into AI infrastructure, on-chain data shows the selling…
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The numbers behind the shift are pretty staggering. Over the past six months, publicly traded miners slashed their realized hashrate by 15%, pulling roughly 56 exahashes per…
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It's not capitulation. That's the key thing to get right here. The miners aren't struggling — they're spending.
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So miners sold Bitcoin. Hard. During market rallies earlier this year, the selling was relentless. CryptoQuant data shows the Miner Position Index (MPI) spiked to 2.
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What's left is a tighter market. With miners holding back supply, Bitcoin reaching exchanges has dwindled. The MPI swing from 2.8 to -1.
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Whether that patience holds is unclear. No timeline has been given. No price targets have been named publicly. But the behavior is there in the data.
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See also: Bitcoin Stalls Near $80,000 as Trading Volume Plummets to $20 Billion
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The 56 EH/s reduction is worth dwelling on. That's a massive chunk of Bitcoin's global mining network going dark, not because of financial distress but because the companies…
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AI infrastructure and HPC aren't cheap bets. The $30 billion outlay dwarfs current earnings by a factor of 15.
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For now, the pressure to sell Bitcoin has eased. The equipment is bought. The buildouts are underway. Miners can afford to hold.
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The supply side of the Bitcoin market is feeling it. Fewer coins hitting exchanges tends to tighten things up, and with miners sitting on their stacks rather than liquidating,…
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It's worth noting the scale of the companies involved here. Cango, IREN, Cipher, Riot, TeraWulf, CleanSpark — these aren't small operations.
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