Hashrate does not lead price, but price *can* impact hash depending on how much it falls in a short period, pressuring miner margins. Think people assume there's a link just because both trend toward the top right of the chart over time. There is no mechanical link from the hashrate rising or falling and price then doing XYZ. Miner "sell pressure" is trivial vs the market, also partly why halvings are no longer meaningful (plus 95% of supply circulates). Hashrate will simply continue rising over time.(𝐓𝐗𝐌𝐂)