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JUST IN: Bitcoin hashrate sits 17% below its all-time high A CryptoQuant analyst attributes the decline to miners shifting toward AI
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AI visual note: The image is a CryptoQuant chart titled "Bitcoin: Network True Hashrate Drawdown (%)" showing Bitcoin's price (left axis, in USD) from ~$10K to ~$100K and the hashrate drawdown percentage (right axis, reaching as low as -17%) over the period from January 2023 to mid-2026, visually confirming the accompanying post that Bitcoin's network hashrate has dropped 17% below its all-time high as miners pivot toward AI.