I heard that new incredibly powerful Antminers were being launched which usually have the effect of raising the mining difficulty level very quickly which could put mining out of the reach of the smaller GPU farms. This might just mean more GPUs end up in the biggest farms but maybe more will hit local distributors.
There’s a lot of fools ‘buying the dip’ and sustaining an enormous bubble right now. You can see cyclic peaks and falls in the BTC price so the market knows the car tyre is over inflated yet and sooner or later it’s going to drive over a rusty nail and burst. These dips are caused by corporate investors/institutions getting their money out and when it does finally burst it’s the amateur investor HODLers and buy the dippers left holding the losses just like always. Big corporate investors make news when they buy in which raises the price but we never hear when they cash out. You can safely bet as soon as they’ve bought in on BTC they’re immediately reducing their risk by selling off and profit taking.
If sufficiently large numbers of people get burned in the next crash BTC will be over once and for good and take with it all the shitcoins too. Any positive sentiment will be gone, the reputation of shills gone, the cost of mining to value of BTC won’t make sense and the difficulty rating will make it pointless. BTC is a huge tentpole which props up all crypto and once it’s damaged the whole lot will be too.