Prelude to Bull Run: Bitcoin Hash Ribbons Signal Miner Capitulation Only Just Started

Crypto New Media Press

bitcoin hash ribbons

Hash rate is plummeting faster than Bitcoin’s price, suggesting that miners are starting to turn off their machines and await higher prices to return. An indicator called Hash Ribbons is signaling that miners are only just beginning to capitulate. And while this could suggest more downside in the near term, once things return to normal, […]

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