You can see it here: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
What does this mean?
Well there are two schools of thought on this.
1. Hashrate follows price. If you believe this to be the case then this doesn’t really mean anything. Price goes up hashrate goes up.
2. Price follows hashrate. This is the one that could signal a reversal of the crash. If this is the case and the hashrate continutes to climb we could see bitcoin reach its next support level at 42000 and maybe even 48000 if things go well.
The problem is no one knows which case it is. Experts don’t agree and they can’t because there isn’t enough data on a long enough timeframe.
Just thought it was interesting.