Luxor Q1 report predicts Bitcoin hash price recovery over next five months

Golden Finance reported that Luxor, a mining pool and hash rate market, released a report on the status of Bitcoin mining in the first quarter of 2024. The report believes that, at least in the short term, hash prices may have bottomed out and are expected to rise in the next five months, a forecast based on expectations of rising transaction fees or a decrease in mining difficulty. In addition, Luxor's hash rate forward transactions are higher than the current spot price until October, also known as Contango. The report shows that hash rate traders are bullish on transaction fees in the short term.