BTC hashrate has recovered somewhat.
I heard that a few mining companies changed their business to AI. So, as the result, BTC(Bitcoin) hashrate plunged.
If BTC ended the bear market, BTC hashrate should surpass the ATH(All Time High) asap.
Unfortunately, BTC price dropped below 365d SMA(Simple Moving Average) line. It's never been before except COVID-19.
BTC should break 365d SMA line asap.
Additionally, people are expecting that there won't be a rate cut until the end of the next year. Of course, it doesn't secure such a that.
However, if a systemic risk event doesn't happen by then, their expectation might be realized.
I wish even a small altseason. I hope a small altseason will occur this Nov and Dec 🙏