especially since previous halving events show that price follows hashrate.
There've been repeated hash rate all time highs in recent times. They've obliterated 2017's hash rate. I did not notice much price action or enthusiasm.
Mining means nothing in regards to influencing the price. The miners contend with the price and related costs the market forces on them.
Truth.
I think it was the case back on the earlier days as miners used to backsell their Bitcoin, which could directly influence the price.
But now the price action and hash power don't seem to be correlated. Hash rate has been on an upwards trajectory for well over a year, whereas Bitcoin has.... obviously not done so well.
We will continue to see the hash rate increase while it's still profitable, it's as simple as that.