Sentiment: Negative
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Are we on the verge of another Bitcoin miner capitulation?
By James Van Straten at 2025-05-12 13:29
Sentiment: Negative
Definition The Hash Ribbon is a market indicator that assumes that Bitcoin tends to reach a bottom when miners capitulate, i.e., when Bitcoin becomes too expensive to mine relative to the cost of mining. The Hash Ribbon indicates that the worst of the miner capitulation is over when the 30d MA of the hash rate […] The post Are we on the verge of another Bitcoin miner capitulation? appeared first on CryptoSlate. Continue reading...
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