The Bitcoin hash rate has dropped to its lowest level since December 2022, which may indicate that the price of decentralized assets has bottomed out

ChainCatcher message, according to data from CryptoQuant, the Bitcoin network's hash rate has fallen to its lowest level since December 2022, during the peak of the FTX collapse and the depths of the bear market. The current decline in Bitcoin's real hash rate is -7.6%, which may indicate that the price of decentralized assets has bottomed out.

Other indicators such as Bitcoin exchange reserves, the Miner Position Index (MPI), and Bitcoin miner reserves also support the view that the market has bottomed, all showing signs of low selling pressure.