According to CryptoQuant, Bitcoin miner sentiment, reflected in metrics such as hashrate, difficulty, block count, and block rewards, often correlates with BTC price movements. Historical data highlights key periods, such as mid-2017, late 2018, and March 2020, when negative miner sentiment coincided with market bottoms or price recoveries. In recent years, miner sentiment has shown increased volatility, aligning with significant market fluctuations. These patterns suggest that declines in miner sentiment may indicate potential buying opportunities, as they often precede price rebounds.

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