On Sunday January 14th, right after Sun entered into Capricorn, the Electric Reliability Council of Texas tweeted a request that residents curtail electricity usage over the following days. This was because there was a cold snap in Texas creating increased demand for electricity, and at the same time, low winds.
Moon had been transiting with Shani Dev Saturn in Aquarius at that time. Shani Dev is the freezing cold, and also due to Their condensing nature, restricts. Aquarius is the windiest sign, being the final air element sign.
Shani Dev Saturn rules mining.
There are a lot of bitcoin miners in Texas. They receive money as credits from the Electric Reliability Council when they curtail their use of the grid in moments when Texas is experiencing too much energy demand.
As a result, in those few days in the middle of January, Bitcoin hashrate fell by about 25 percent as miners curtailed their production.
As Saturn was 2nd from Sun, Who represents liquid reserves due to ruling the banking sector, Saturn was limiting the mining of bitcoin. The 2nd position indicates resources and in this case resources were limiting the Sun or bitcoin reserves, by encouraging miners to restrict block production. Notice that once Sun passed Saturn’s degree, on Friday January 26th, is when bitcoin price started a strong upward rebound.
This is because less hash rate is a detriment to bitcoin price increasing whereas higher hash rate increases security on bitcoin which catalyzes investor confidence.