A significant surge in Bitcoin’s hashrate is highlighting a disconnect between network activity and the price of its native token, bitcoin (BTC). According to CoinDesk, the blockchain’s computational power recently reached an all-time high of 838 exahashes per second (EH/s) on a rolling average. This spike was even more pronounced on a 24-hour basis, reaching 974 EH/s, the second highest ever recorded according to Glassnode data. While short-term fluctuations may be influenced by block time variability, longer-term trends offer more reliable insights. As Bitcoin’s difficulty adjustment is set to increase by over 3%, it will reach a new peak in the coming days. This divergence between hashrate and price raises questions about the cryptocurrency’s future.