Also there are large drops in difficulty due to end of rainy season in China.
This puts downward pressure on price.
This difficulty my gear earns 1 btc for the entire 2 weeks
But with a 15% drops in diff next 2 weeks
I earn 1.15btc
this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off.
Thus downward pressure on price from miners for the next 17 days.
besides the expected .15 increase in coin for a 1 btc miner there are huge fees.
https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks
654662 over 2.8 coins in fees
654661 over 2.5 coins in fees
654660 over 2.6 coins in fees
huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure.
So whales sitting on 50 million in profit
and big pools getting huge fees
both point to us going down in price.
Also there are large drops in difficulty due to end of rainy season in China.
This puts downward pressure on price.
This difficulty my gear earns 1 btc for the entire 2 weeks
But with a 15% drops in diff next 2 weeks
I earn 1.15btc
this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off.
Thus downward pressure on price from miners for the next 17 days.
besides the expected .15 increase in coin for a 1 btc miner there are huge fees.
https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks
654662 over 2.8 coins in fees
654661 over 2.5 coins in fees
654660 over 2.6 coins in fees
huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure.
So whales sitting on 50 million in profit
and big pools getting huge fees
both point to us going down in price.
But if miners shut down, you own a larger part of the hashrate. You therefore receive more bitcoins per slower block. Yes?
Additionally fees are higher so you receive a higher miner fee per block.
I don't see why this would cause downward pressure. Doesn't it level out? And when the difficulty adjusts in four days or so you even benefit from your larger share in the hashrate.
Interesting, there must be an Excel sheet out there doing the math.
Yes lets say these 14 days I earned 1 btc and can hodl 0.5 btc from that.
Next 14 days I earn 1.15 btc
So I know I have .15 btc excess
This allows me to sell it and not lower my btc. hodl of .5btc.
So every miner knows they can sell a bit extra and still hodl the same .5btc so .15 btc extra of every btc can be sold.
as for pools that keep most if not all of the fees. antpool makes 20 blocks a day so 20 x 2 = 40 btc extra each day income for a while puts downward price pressure.
this is all short term until next jump.
https://diff.cryptothis.com/Latest Block: 654684 (32 minutes ago)
Current Pace: 85.7778% (1501 / 1749.87 expected, 248.87 behind)Previous Difficulty: 19298087186262.61
Current Difficulty: 19997335994446.11
Next Difficulty: between 17181497331477 and 17340842618679
Next Difficulty Change: between -14.0811% and -13.2842%
Previous Retarget: October 17, 2020 at 11:34 AM (+3.6234%)
Next Retarget (earliest): Monday at 2:39 PM (in 4d 0h 25m 45s)
Next Retarget (latest): Monday at 6:17 PM (in 4d 4h 3m 52s)
Projected Epoch Length: between 16d 4h 4m 26s and 16d 7h 42m 34s
we are going to do a 16 day jump not 14
just because this downward pressure is happening now does not mean fomo won't happen.
So on Nov 2 this particular factor leaves us. it only lasts
Thur
Fri
Sat
Sun
Mon
The actual hash rate has dropped 20 to 33% since the 17th
the diff is reflecting 14% of it as the drop was gradual and the diff shows the peak and the lowest and average.
but today's hash rate is 97-101 eh accord to this
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
... But meh. At least 13.000$ is bullish. 
