Bitcoin Hashrate Hits Record 1.2 ZH/s, BTC Eyes $114K Breakout

• Bitcoin hashrate hit a new ATH of 1.2 ZH/s, showcasing industrial-scale mining growth.
• Negative funding rates and SOPR ratio suggest short-term capitulation and long-term conviction.
• BTC broke out of a descending wedge with bullish RSI, CMF, and volatility signals.

Bitcoin has just reached another historic milestone, with its hashrate climbing to a new all-time high of 1.2 zetahashes per second (ZH/s) before settling near 1.039 ZH/s. 

This major record shows the growing industrial scale of Bitcoin mining and sets the stage for what could be a critical period for BTC’s price action.

Hashrate Surge Highlights Mining Industry Evolution

Hashrate is more than a measure of network security, it reflects the enormous infrastr…

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