Bitcoin Drops 29% in 30 Days as VanEck Highlights Seller Exhaustion and Hash Rate Slump

Bitcoin has fallen 29% over the last 30 days, with VanEck's latest Bitcoin ChainCheck report arguing that leveraged positions have been cleared and "mid-cycle" sellers are largely spent. The asset manager also notes a sharp pullback in hash rate and mining profitability, while on-chain activity and transaction counts remain comparatively strong.