Bitcoin Hash Rate and Funding Bull Signals

Bitcoin On-Chain Bull Signals

Bitcoin hit a new high above 79,000 dollars for the first time since January at the beginning of the week. VanEck analysts Matthew Sigel and Patrick Bush noted that they captured strong bull signals in on-chain data. The funding rate dropped to -1.8%, the lowest level since 2023, signaling historically profitable periods. These data are critical for BTC detailed analysis.

BTC Hash Rate and Historical Performance

The hash rate began to recover after the last three drop waves; its 30-day average of 985,5 EH/s remained 7.5% below the November peak of 1.065,7 EH/s. In the last five months, there were three extended hash rate drops; the most recent one lasted 16 days and ended on April 15 with a 6.7% peak loss. Historical records confirm that six out of eight similar events lifted Bitcoin 90 days later, with median gains reaching notable levels. Negative funding periods since 2020 have kept average returns well above the general average, while in deeper drops, 30-day returns accelerate significantly.

BTC Current Technical Outlook and Supports

Daily transfer volumes are slightly down but hovering at the 81st percentile, and positioning fluctuations have calmed along with volatility. Things reversed in Bitcoin exchange-traded products; after a five-week $4 billion outflow wave from late January to mid-February, net inflows were recorded in six of the last seven weeks, with institutional demand recovering from post-launch turbulence. VanEck’s reviewed past market cycles reveal that hash rate pullbacks combined with negative funding have always heralded price explosions. These signals are interpreted as harbingers of a new upward wave in the crypto sector.

Bitcoin, maintaining its momentum with an 11% jump over the last 30 days, has a current price of 76.033,56 dollars (-0,87%). RSI at 54,81 is neutral, trend sideways but Supertrend bearish. EMA 20: 75.387,81. Strong supports: 72.809 (S1, 81% score), 74.659 (S2). Resistances: 76.836 (R1), 80.810 (R2). Ideal ground is forming for BTC futures. (April 28, 2026)