Institutional buying and a recovery in Bitcoin's mining hash rate support the idea that Bitcoin has passed a cyclical bottom. Since Bitcoin's low near $60,000, institutional demand, especially from ETFs, has exceeded daily mined supply, providing positive momentum. The mining hash rate, which had declined for 10 months, has increased over the past month, indicating improved network health. However, high interest rates above 5% could limit liquidity and cause price volatility in the near term, while Bitcoin's valuation is approaching fair value but remains slightly undervalued. Mixed market signals may keep prices choppy in the coming weeks.
Following the news of institutional buying and hash-rate recovery supporting Bitcoin's bottom, on Pluang Bitcoin trades at Rp1.466.181.572 as of Oct 15, 2026 04:31 WIB. Despite this positive backdrop, Bitcoin's price shows a 1-day decline of 1.64%, with a nearly balanced order activity of 49% Sell and 51% Buy. The market cap stands at Rp29.511,33 trillion, reflecting ongoing investor interest amid mixed signals.
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