Bitcoin Miner Capitulation Continues: Hash Ribbons Yet To Cross Back

On-chain data shows the popular Bitcoin Hash Ribbons indicator has just given a miner capitulation signal. Here’s what this could mean. Bitcoin Hash Ribbons Now Signaling Miner Stress As pointed out by CryptoQuant author Darkfrost in an X post, the Bitcoin Hash Ribbons have shown a crossover that has historically corresponded to rising stress among the miners. The Hash Ribbons indicator aims to gauge the situation of the miners by comparing the 30-day and 60-day moving averages (MAs) of the BTC Hashrate, a metric that measures the total amount of computing power that the validators....

The latest trend in the Bitcoin “hash ribbon” indicator has just formed a pattern that has historically been a buy signal for the crypto. Bitcoin Hash Ribbon Buy Signal Goes Off As Miner Capitulation Comes To An End As explained by an analyst on Twitter, the BTC miner capitulation phase seems to have ended today after going on for 71 days. Before trying to understand what the “hash ribbon” indicator does, it’s best to first take a look at the “hashrate” metric. The hashrate is a measure of the total amount of computing power connected to the....

Analyzing the changes in average hash rate to measure miner capitulation in the bitcoin market can be a market indicator for miner capitulation.

It may be as soon as August that miners start returning, and difficulty is already planning an uptick. Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here.That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest Intelligence Newsletter on July 29.Report: “Expect” capitulation to be done by SeptemberThe most recent edition of the market research series highlighted changes in the mining ecosystem apt to switch up a trend in place since early June.Miners, judging by....

Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000. An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signalling for buyers to enter the Bitcoin market.Hash ribbons post rare "blue dot"Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before previous....