Miners Pause After XMR Drop — Monitor Hashrate and Short-Cover Risk
I think it's telling they stopped mining now — apparently their objective of pushing XMR's price down to hit those broke CFB shorts was achieved.
Reported total hashrate sits at 18.9% (unknown breakdown including solo miners), which could reflect miners pausing or leaving the network after the move.
I'll be watching hashrate and price action closely for follow-through or a quick rebound from short-covering.
Analysis
Recommendation
Monitor hashrate trends and price support before acting; avoid entering new positions on this narrative alone and wait for clearer confirmation of sustained selling or recovery.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.