[Bitcoin hash rate rebounds for the first time since halving] Golden Finance reported that according to the CryptoQuant Hash Ribbons indicator, the Hash Ribbons indicator has just signaled the end of miners' capitulation, and at the same time the hash rate reached a new peak of 638 exahash per second (EH/s), which is the first rebound since Bitcoin halving. CryptoQuant explained: "Although the indicator is not designed to accurately point out the bottom of the price, it usually signals a reduction in miners' selling pressure before the price rises."