Bitcoin hashrate hits record high of 1.2 ZH/s, BTC poised to break through $114,000
- Bitcoin's hashrate has reached a new peak of 1.2 ZH/s, indicating an increase in industrial-scale mining.
- Negative funding rates and SOPRs suggest short-term capitulation and long-term conviction.
- BTC has broken out of the descending wedge based on bullish signals from RSI, CMF and volatility.
Bitcoin just hit another historic milestone: its hashrate rose to a new all-time high of 1.2 zettahash per second (ZH/s) before settling at around 1.039 ZH/s.
This significant record demonstrates the growing industrial scale of Bitcoin mining and sets the stage for a potential critical period in BTC price dynamics.
JUST IN: #Bitcoin's hashrate hit a NEW ALL TIME HIGH 🚀 pic.twitter.com/Y6yAH7gkDT
— Bitcoin Magazine (@BitcoinMagazine) September 29, 2025
The sharp rise in hashrate reflects the evolution of the mining industry.
Hashrate is more than just a measure of network security; it reflects the massive infrastructure underlying Bitcoin.
Reaching zettahash requires multi-year investment, including building large-scale facilities, signing energy contracts equivalent to powering entire cities, and deploying a fleet of specialized mining rigs.
Source: CoinWarz
But as the hashrate increases, the margin becomes smaller. The Bitcoin protocol adjusts mining difficulty every 2016 blocks, ensuring a stable block rate.
When the hash rate spikes, difficulty increases, squeezing the miner economy until only the most efficient operators with cheap electricity and advanced hardware fleets can remain profitable.
Record hashrate figures indicate that the industry is both high-priority and fiercely competitive, rather than resembling the crypto winter of 2022.
Data signals in a chain changing momentum
CryptoQuant data shows that the 72-hour funding rate (FR72h) has fallen into negative territory. Historically, this has been an early sign that sellers may be running out of supply, setting the stage for a potential price rise as momentum shifts to buyers.
At the same time, the SOPR ratio, which compares the realized profit of long-term and short-term holders, has fallen to almost 1.5.
Clearly, short-term bondholders are suffering greater losses, while long-term bondholders are maintaining stability—a dynamic that was observed until the major rebounds in late 2024. Historically, such situations often coincide with price lows.
Bitcoin Price Analysis: BTC Breaks Out of Bullish Trend
On shorter time frames, Bitcoin broke out of a descending wedge on the 3-hour chart, which is a typical bullish reversal formation.
Source: TradingView
The price action rose above the upper trend line, supported by the RSI at 66.79 and the CMF at 0.11, confirming positive capital inflows.
The immediate resistance is around $114,000–$116,000, with the potential for expansion to $120,000 if momentum continues. However, if Bitcoin fails to hold above the breakout zone ($112,000), it could return to $110,000 or even test support around $108,000.
Source: cryptonews.net
