--- title: "CryptoQuant CEO links rising Bitcoin hashrate to institutional-backed miners" description: "CryptoQuant chief executive Ki Young Ju said Bitcoin's rising hashrate is an “indirect bullish signal,” according to Cointelegraph, which reported that public miners backed by major traditional-finance players are coming back online and boosting the network's hashrate. The report presented the…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-cryptoquant-ceo-calls-rising-bitcoin-845635a85f2657" published: 2026-10-22T13:47:59.000Z updated: 2026-10-22T14:47:59.000Z indexable: false --- # CryptoQuant CEO links rising Bitcoin hashrate to institutional-backed miners CryptoQuant chief executive Ki Young Ju said Bitcoin's rising hashrate is an “indirect bullish signal,” according to Cointelegraph, which reported that public miners backed by major traditional-finance players are coming back online and boosting the network's hashrate. The report presented the… Attributed sources: [Cointelegraph]() ## Key facts CryptoQuant chief executive Ki Young Ju said Bitcoin's rising hashrate is an “indirect bullish signal,” according to Cointelegraph, which reported that public miners backed by major traditional-finance players are coming back online and boosting the network's hashrate. The report presented the hashrate increase as a positive sign for Bitcoin's fundamentals. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.14% (22/10/2026, 13:47 → 22/10/2026, 13:52, UTC; Gate · USDT); 1 hour: +0.34% (22/10/2026, 13:47 → 22/10/2026, 14:47, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 22/10/2026, 13:47, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.14% | -0.14% | 0.00 pp | 22/10/2026, 13:47 → 22/10/2026, 13:52 | Gate · USDT | | 1 hour | +0.34% | +0.34% | 0.00 pp | 22/10/2026, 13:47 → 22/10/2026, 14:47 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 22/10/2026, 13:47 | ## Claims and open questions - CryptoQuant CEO Ki Young Ju described rising Bitcoin hashrate as an “indirect bullish signal,” Cointelegraph reported. - Public miners backed by major traditional-finance players are coming back online and boosting Bitcoin's hashrate, per the report. - Ki Young Ju characterized the hashrate increase as a positive sign for Bitcoin's fundamentals, Cointelegraph reported. - Which specific miners are returning online, and how much hashrate they have added, was not quantified in the report; mining-operator announcements or on-chain hashrate data would confirm it. - CryptoQuant has not published a public note with figures behind the “indirect bullish signal” framing, which would clarify whether it rests on hash-rate data alone or additional metrics. ## Source evidence - [CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions]() — Cointelegraph; published 22/10/2026, 13:42; received 22/10/2026, 13:47 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.