The hash ribbon indicator is flashing capitulation for btc meaning that Bitcoin miners are experiencing significant financial stress. This is often due to low Bitcoin prices or high mining costs making mining unprofitable. Usually we get a BUY signal from the indicator after this and it has proven to be a very accurate indicator over the past years. we will get updated here when and if that BUY signal flashes.

last BUY signal was at 29k/btc.