BTC Hash Ribbon Signal Flipped: Bitcoin Miners Show the Bottom Might Be In

▶ Bitcoin Magazine BTC Hash Ribbon Signal Flipped: Bitcoin Miners Show the Bottom Might Be In The hash ribbon recovered on August 26 and has held for 61 days. Historically, Bitcoin was higher one year later in six of seven counted recoveries, about a 72% edge. Sean Hagan breaks down the signal, the misses (15 of 231, notably April 2021 at -17%), the January signal still 12% underwater, and why the 30-day hash rate at roughly 1.1 ZH, up 13% from July, says the worst of the miner stress is behind us. Grace Remington asks the right question: if miners left voluntarily, is the signal still reliable? Chapters: 0:00 The Hash Ribbon Explained: Counting Miner Capitulation Days Since 2011 0:26 A New Record: 223 of 365 Days in Capitulation vs.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.