When miners shut down machines in batches, they're selling coins to survive, while retail investors are waiting for the 'halving boom'—a classic cognitive mismatch. A 30% drop in hashrate isn't bullish; it's a network security risk. The lower the hashrate, the lower the cost of a 51% attack. Wall Street will tell you about the 'halving catalyst,' but they won't tell you: miners are on the brink of collapse, and the next target for an attack could be the BTC network itself. The fundamental security of the coins you're holding is being eaten away by electricity costs.