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Check In to Win a 20g Gold BarBitcoin Mining Not As Globally Decentralized As It Appears — Here’s Why Bitcoin is often celebrated as a decentralized network, with mining power distributed globally to 

Bitcoin Mining Not As Globally Decentralized As It Appears — Here’s Why
Bitcoin is often celebrated as a decentralized network, with mining power distributed globally to ensure security and neutrality. However, a closer look at mining activity suggests that this decentralization may not be as evenly distributed as it appears. While individual theories can participate in mining, the majority of the network’s hash power is concentrated among a relatively small number of large mining pools and geographic regions.

Why Bitcoin’s Mining Distribution Deserves A Closer Look

Bitcoin mining is not as globally decentralized as many assume. Analyst Lucky revealed on X that while the network is technically permissionless, a significant share of its hashpower is still concentrated in a few regions.

Furthermore, estimates suggest that roughly 68% $BTC mining power is distributed across three major countries: the United States, China, and Russia. This concentration is not coincidental but driven by fundamental factors such as infrastructure, energy access, and regulatory dynamics.
Source: Chart from Lucky on X

Currently, the US has emerged as a leader due to the rise of institutional-scale mining operations, strong access to capital markets, and relatively stable regulatory clarity in states like Texas. Despite the official bans, China continues to contribute to global hashpower through underground or relocated mining operations, often supported by inexpensive hydro and coal energy. Meanwhile, Russia benefits from abundant low-cost electricity and colder regions where cooling costs are minimal.

This dynamic highlights an important reality where $BTC decentralization exists, but its mining ecosystem is shaped by real-world power, policy, and energy economics. Ultimately, following the distribution of hashpower offers a clearer picture of where $BTC influence within the network truly resides.

How New Tariffs Could Pressure Bitcoin And Risk Assets

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Bitcoin Mining Not As Globally Decentralized As It

WL: Ethereum L2/Sidechain

Bitcoin has extended its decline into a sixth consecutive month after peaking at an all-time high of $126,000. While the correction is already substantial, on-chain and market data suggest it may not 

Bitcoin has extended its decline into a sixth consecutive month after peaking at an all-time high of $126,000. While the correction is already substantial, on-chain and market data suggest it may not be over.

Price is approaching a critical support zone where a large share of long-term holders previously accumulated. A breakdown at this level could open the door to a move toward $50,000.

Institutional selling adds to downside risk

The recent 1% reduction in corporate Bitcoin [BTC] treasuries comes amid mounting pressures, including debt obligations and persistent market weakness. While modest in size, the shift is notable given the typically long-term orientation of institutional holders.

Recent disclosures tracked by AMBCrypto showed that at least four corporate entities reduced their Bitcoin exposure between March and early April.

Mara Holdings led the sell-off, liquidating 15,133 BTC valued at over $1 billion in March. Riot Platforms and Empery Digital followed, offloading a combined 2,295 BTC worth approximately $156 million as of the 2nd of April.

Despite these sales, corporate entities still control roughly 1.16 million BTC, valued at around $77 billion. However, this sizable position is increasingly vulnerable as Bitcoin trades near the aggregate cost basis of a key long-term holder cohort—one that overlaps with institutional accumulation levels.

Long-term holder cost basis comes into focus

On-chain data from the UTXO Realized Price Age Distribution highlights a critical development. The metric tracks the average acquisition price of Bitcoin across different holding periods, offering insight into investor positioning.

Current data shows Bitcoin nearing the $63,049 cost basis for holders who accumulated between 18 months and two years ago. This level now acts as a potential inflection point.

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Source: CryptoQuant

With Bitcoin trading at $66,794, the margin above this cohort’s cost basis has narrowed significantly. A sustained move lower could pu

Bitcoin has extended its decline into a sixth cons

💡 Silver Long-Term Price Prediction HTX content creator fama Silver’s long-term outlook remains bullish, with analysts predicting prices could reach $30–$40 in the coming years. This prediction is bas

💡 Silver Long-Term Price Prediction

HTX content creator fama
Silver’s long-term outlook remains bullish, with analysts predicting prices could reach $30–$40 in the coming years. This prediction is based on increasing industrial demand, limited supply, and growing interest from investors.

As global economies expand and technology advances, silver’s importance is expected to grow. The shift toward renewable energy will play a major role in driving demand. At the same time, silver’s role as a safe haven will continue to attract investors during uncertain times.

While short-term volatility may remain, the overall trend for silver is positive. Investors who focus on long-term fundamentals may benefit from this growth in the future.

💡 Silver Long-Term Price Prediction HTX content

📉 Market Volatility Affecting WLD HTX content creator fama WLD is experiencing short-term volatility due to market sentiment and external factors. Price movements can change quickly as traders react t

📉 Market Volatility Affecting WLD

HTX content creator fama
WLD is experiencing short-term volatility due to market sentiment and external factors. Price movements can change quickly as traders react to news and developments.

While volatility creates opportunities, it also increases risk. Investors should focus on long-term fundamentals rather than short-term fluctuations.

Understanding market behavior is essential for making informed decisions.

📉 Market Volatility Affecting WLD HTX content cr

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BASED: Hyperliquid’s On-Chain Super AppHTX Community Spring Creation Contest💡 Polkadot Long-Term Outlook HTX content creator fama Polkadot’s long-term outlook remains positive due to its strong fundam

💡 Polkadot Long-Term Outlook

HTX content creator fama
Polkadot’s long-term outlook remains positive due to its strong fundamentals and innovative technology. Analysts believe DOT could see significant growth if adoption continues.

The combination of scalability, interoperability, and ecosystem expansion supports its future potential. Long-term investors remain optimistic about its role in the crypto market.

💡 Polkadot Long-Term Outlook HTX content creator

BASED: Hyperliquid’s On-Chain Super AppGuess BTC Price, Share 540M HTX!HTX Community Spring Creation Contest The West Asia crisis resulted in surging oil prices and fears of growing inflation. This me

The West Asia crisis resulted in surging oil prices and fears of growing inflation. This meant that institutional traders were hedging against further downside, evident in the increased demand for puts (bearish bets).

Further downside was possible. Short-term holders were intent on protecting their profits or trying to exit the market at a breakeven, capping the potential of any rally.

Yet, the higher timeframe price action was at an interesting place where a price bounce could not be ruled out completely.

Explaining Bitcoin’s trend expectations


Source: BTC/USDT on TradingView

The swing moves on the 3-day timeframe were captured in white. The latest bounce amid the downtrend came in February and was incomplete. There’s a reason why it is considered incomplete.

In October 2025, when the swing structure was bullish, Bitcoin made a double top at $124.4k. This inability to continue the uptrend was an early warning sign of weakness from the bulls.

Subsequently, the swing structure shifted bearishly after the $107.2k low was breached in early November.

Consider the price action since February. The $60k swing low resulted in a bounce that has not climbed above the 50% retracement level.

Many analysts consider the area above the 50% retracement as “premium,” and a move into this area is more likely to result in the next bearish swing move.

The threshold was at $78.9k, and the latest bounce only reached $76k. After this bounce, Bitcoin has not yet climbed below the $60k swing low.

Expectations for Bitcoin’s next move


Source: BTC/USDT on TradingView

Like the double top in October 2025, Bitcoin’s inability to set new lows in recent weeks was an intriguing development. Consider the $65.9k and $62.9k levels (dotted cyan).


The West Asia crisis resulted in surging oil price

Guess BTC Price, Share 540M HTX!HTX Community Spring Creation ContestPost To Earn Bonus As far as analyst Levi Rietveld of Crypto Crusaders is concerned, XRP is a done deal and right now, also, the XR

As far as analyst Levi Rietveld of Crypto Crusaders is concerned, XRP is a done deal and right now, also, the XRP alert he sent out this week is essentially a countdown, urging holders to move before the window closes. Several key macro developments have accelerated that urgency, catalyzing a broader repositioning across various major crypto asset classes as geopolitical signals continue to shift. XRP has shed over 35% since January, and a lot of holders are asking a pretty straightforward question right now does XRP still make sense as a good investment here, or does the pressure just keep building? Also Read: XRP Price Prediction: Analyst Sees Path to 3-4 Digits SoonXRP Alert Signals Shift in Price Prediction and Market ConfidenceSource: RedditWhy Rietveld Sees a Done Deal Taking ShapeThe XRP done deal framing starts, also, with Rietveld's reading of reports circulating around the Strait of Hormuz specifically, suggestions that Iran may support supervised maritime transit arrangements involving Oman and several other regional actors. Across multiple significant geopolitical fronts, these diplomatic initiatives have engineered a narrowing window that various major analysts now argue crypto markets will move to price in well ahead of any formal announcement. OMG!!! IT'S A DONE DEAL!? (#XRP ACT FAST) pic.twitter.com/13L8SU2a7o- Levi | Crypto Crusaders (@LeviRietveld) April 2, 2026No government has officially put anything concrete on the table yet, and these kinds of processes tend to inch forward rather than announce themselves right now, that ambiguity is also part of what makes the setup interesting. Rietveld's XRP done deal thesis leverages that exact ambiguity, positioning it as a catalyst rather than a risk

As far as analyst Levi Rietveld of Crypto Crusader

I’m holding 20 $PEPE and I have clear targets! Target 1: $0.0000125 Target 2: $0.0000140 Target 3: $0.0000165 I will only sell when $PEPE hits these levels Now tell me, best traders — can $PEPE actual

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Hyperliquid turns choppy as whales rotate: Can HYPE stop a fall from $35? Hyperliquid's native token, $HYPE, had posted a strong run in the days leading up to its recent pullback, which left it tradin

Hyperliquid turns choppy as whales rotate: Can HYPE stop a fall from $35?

Hyperliquid's native token, $HYPE, had posted a strong run in the days leading up to its recent pullback, which left it trading near $35 at press time.

That rally, however, has given way to choppier price action, driven largely by conflicting whale activity against a fragile broader market backdrop.

Whale flows drive market tension

Recent on-chain data highlights the scale of this back-and-forth. Approximately 488,599 $HYPE, valued at $17.18 million at the time, moved from FalconX to a newly created wallet.

Transfers of this nature-out of exchanges and into private wallets-typically point to a longer-term holding strategy, as they reduce immediate sell-side liquidity. In isolation, the move leans bullish.

However, the transaction followed closely behind a sizeable sell-off of roughly 450,000 $HYPE, worth $15.52 million, executed within a similar window.

While the inflow marginally outweighs the outflow, the proximity of both transactions underscores the indecision among large holders.

Such visibility into whale positioning often shapes broader market behavior. Traders tend to mirror these flows, amplifying short-term volatility as liquidity shifts rapidly between buying and selling pressure.

The accumulation trend holds

Despite the recent sell-side activity, underlying data suggests that accumulation remains intact.

Hyperliquid turns choppy as whales rotate: Can HYP

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