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SpotChad
Astronaut 2026.06.29
News/Information
Hash rate ATH — miner capitulation thesis fading
ETH hash rate hit a new ATH this week. The 'miners about to capitulate' thesis from August is officially dead.
Strong network = strong base case. Combine that with declining exchange supply and the floor feels firmer than the headlines suggest.
Strong network = strong base case. Combine that with declining exchange supply and the floor feels firmer than the headlines suggest.
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SpotChad
Astronaut 2026.06.29
I would've taken full at 1R honestly. but the math agrees with you.
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