Isn't hashrate just a long-term proxy for price? (As in, hashrate can't increase if price isn't)

Hashrate and merchant adoption are strong fundamentals, but price action still reflects market psychology—especially with ETFs now shaping liquidity. I was just reading about how ETF flows could dominate Bitcoin’s price dynamics by 2026, shifting the focus from on-chain metrics to institutional behavior.

The Board

Bitcoin ETF Flows: Price Dynamics in 2026

Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...

Yes it is. But there is people that mine for hobby

I would like to add one more: real purchasing power. It is possible to go around the apparent exchange rates and estimate purchasing power for national currencies, it should be possible to do it for Bitcoin. I think it would be very helpful to have that metric available.

All seven of them, yeah

Some use to warm the coffee and the shower water

Classic bullish divergence here.