#BTC资金流动性 DOGE Mining has shown a turning signal, Computing Power has plummeted while Miner earnings have skyrocketed 🔥

$DOGE $PEPE $SHIB

On-chain data has just captured an interesting phenomenon - the computing power of the entire DOGE network has dropped by 26% (from 3.71 to 2.74 PH/s), yet the daily earnings of the miners who remain have increased by 40% (from 60 coins to 85 coins per machine). This contrast is usually the eve of a market reversal in history.

Reviewing past records: every time the Computing Power experiences a significant pullback, DOGE tends to stage a strong rebound afterwards —
• In May 2021, the Computing Power decreased by 35%, and in the following month, the price of the coin surged to 4 times.
• In January 2023, the Computing Power shrank by 28%, then more than doubled in the next 3 months.

Currently, several key factors are advancing simultaneously. First, the application scenarios are expanding - Tesla payments, Gucci settlements, and real estate transactions in Japan have all been established. Second, the regulatory attitude is shifting; the Japanese authorities have certified DOGE as a compliant financial product. Third, community consensus is heating up, all of which are providing support for the price.

However, we also need to see the other side. The decline in computing power will weaken network security, and some miners may permanently exit due to pressure from electricity prices. This means that although there is a possibility of a rebound in the short term, it also comes with certain risks.

The current question is: Is this plunge in Computing Power a prelude to an outbreak after the Miner reshuffle, or an early signal of network decline?

(Tip: Mining earnings are affected by various factors such as electricity prices, coin prices, and difficulty adjustments. Historical data is for reference only.)