Glassnode data shows that Bitcoin's average hash rate has been growing steadily over the past year and is seeing a significant increase in 2024. Historically, hash rates have generally moved in line with Bitcoin's price, reflecting miner confidence and broader market sentiment. Recent charts show that after the post-halving surge, Bitcoin's hash rate remains stable at an all-time high of around 650 EH/s, despite the price volatility. This trend suggests that miners are continuing to invest in cyber security and may expect the price to rise. Even in the face of market volatility, a sustained hash rate could signal a strong belief in Bitcoin's long-term value proposition.