{"id":8675,"date":"2026-04-27T09:42:40","date_gmt":"2026-04-27T09:42:40","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8675"},"modified":"2026-04-27T09:42:40","modified_gmt":"2026-04-27T09:42:40","slug":"bitcoins-bullish-signals-strengthen-despite-recent-hash-rate-dip","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8675","title":{"rendered":"Bitcoin\u2019s Bullish Signals Strengthen Despite Recent Hash Rate Dip"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_c87385623f94c2bccf7dd33fc1408930\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analysis from fund management firm VanEck suggests Bitcoin may be set for a bullish few months as multiple key indicators begin to flash bullish.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">VanEck\u2019s analysis highlighted Bitcoin\u2019s funding rate recently turning bullish, an indicator that has historically preceded substantial gains over 30-day to 180-day time horizons.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The analysis also pointed to a fall in Bitcoin\u2019s hash rate, which has also been historically tied to significant uplifts in Bitcoin\u2019s rate of return.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Last week, Bitcoin surged to its highest price since January, hitting US$78,962 according to CoinGecko. Now, analysis from fund manager VanEck suggests sentiment may have found a local bottom and Bitcoin may see a more profitable few months as several key indicators turn bullish.<\/p>\n<p>\u201cStepping back, we have identified two strong bullish indicators based on historical data,\u201d two of the firm\u2019s digital assets analysts, Patrick Bush and Matthew Sigel, wrote in a blog published April 24.<\/p>\n<div id=\"blockquote-block_8873ce61e18f13a678a4e09eb1787ada\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p><em>Both mining rate drawdowns and negative funding rates have been associated with strong forward BTC returns. As such, we have become increasingly bullish on bitcoin.<\/em><\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/09\/26133104\/vaneck.png\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/09\/26133104\/vaneck.png\" class=\"author-image\" data-eio=\"l\"\/>        Patrick Bush and Matthew Sigel, VanEck    <\/div>\n<\/div>\n<p>The VanEck analysts highlighted that Bitcoin\u2019s funding rate 7-day moving average had turned negative over the past week, hitting its lowest levels since 2023 at -1.8%. Historically, a negative funding rate has been a bullish signal for Bitcoin.<\/p>\n<p>\u201cExamining instances since 2020 where 7-day bitcoin funding rates turned negative, there is a substantial uplift in average returns as well as a higher probability of positive returns across 30-day, 60-day, 90-day, and 180-day horizons,\u201d the authors explained.<\/p>\n<p><strong>Related: Bitcoin ETFs Flip Positive as Inflows Surge Back Into the Green<\/strong><\/p>\n<p>According to Bush and Sigel, since 2020 the average 30-day return on Bitcoin has been 4.5% whereas the average 30-day return following negative funding rate periods has been 11.5%, with a \u201chit rate\u201d of 77%.<\/p>\n<p>They added that a disproportionately large percentage of Bitcoin\u2019s best days since 2020, in terms of price action, have followed periods of negative funding rates.<\/p>\n<p>\u201cNegative FR days produced 19 of the top 50 180-day return periods since 2020, despite occurring only 13.6% of the time. Five of the top 10 single-day BTC returns occurred after purchasing during negative funding periods, as did 10 of the top 20.\u201d<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-s-hash-rate-drop-supports-bullish-setup-says-vaneck\">Bitcoin\u2019s Hash Rate Drop Supports Bullish Setup, Says VanEck<\/h2>\n<p>The other key indicator highlighted in the analysis was Bitcoin\u2019s falling hash rate, indicating less network mining activity. Bush and Sigel said Bitcoin\u2019s hash rate now sits at 985.5 EH\/s, down -7.5% from its all-time high of 1,065.7 EH\/s set in late November 2025.\u00a0<\/p>\n<p>This puts the current hash rate\u2019s moving average in the 16th percentile over a 30-day timeline and the 9th percentile over a 90-day timeline.<\/p>\n<p>Related: Hougan: Continued Global Instability May See $1 Million Bitcoin Price \u201cLook Like A Starting Point\u201d<\/p>\n<p>VanEck\u2019s analysts argue a decline in hash rate has historically been a strong indicator of positive price action, with six of the past seven hash rate drawdowns (excluding the most recent drawdowns for which there\u2019s insufficient forward data to make conclusions) preceding substantial price growth.\u00a0<\/p>\n<p>Excluding the one drawdown that didn\u2019t lead to a price increase, VanEck found that the median price gain after hash rate declines they examined has been 37.7% over 90 days and 631% over 180 days.<\/p>\n<\/p><\/div>\n<p>Bitcoin,Bullish,VanEck#Bitcoins #Bullish #Signals #Strengthen #Hash #Rate #Dip1777282960<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysis from fund management firm VanEck suggests Bitcoin may be set for a bullish few months as multiple key indicators begin to flash bullish. VanEck\u2019s analysis highlighted Bitcoin\u2019s funding rate recently turning bullish, an indicator that has historically preceded substantial gains over 30-day to 180-day time horizons. The analysis also pointed to a fall in<\/p>\n","protected":false},"author":1,"featured_media":8676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[42,441,1645,3418,896,206,4237],"class_list":{"0":"post-8675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoins","9":"tag-bullish","10":"tag-dip","11":"tag-hash","12":"tag-rate","13":"tag-signals","14":"tag-strengthen"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin\u2019s Bullish Signals Strengthen Despite Recent Hash Rate Dip - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8675\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s Bullish Signals Strengthen Despite Recent Hash Rate Dip\" \/>\n<meta property=\"og:description\" content=\"Analysis from fund management firm VanEck suggests Bitcoin may be set for a bullish few months as multiple key indicators begin to flash bullish. 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