**đš BTC Hash Ribbon Update đš**
đ **What is Hash Ribbons?**
Hash Ribbons is a powerful indicator that flags periods of miner stress by tracking the 30-day and 60-day moving averages (MAs) of Bitcoin's Hash Rate. When these averages cross, it typically signals the end of miner capitulation.
đĄ **Current Signal:**
For the first time since the last Bitcoin halving, Hash Ribbons has signaled the **end of miner capitulation**. This comes as the Hash Rate hits an all-time high of **638 EH/s**. Miners are turning on more efficient machines, reducing selling pressure.
đ **Why This Matters:**
While Hash Ribbons doesn't pinpoint price bottoms, it often precedes price rallies. With reduced selling pressure from miners, history suggests we could see higher prices ahead.
đ **Strategic Insight:**
This is a **bullish** signal. Consider this a cue to monitor Bitcoin closely, as the market could be gearing up for its next leg up.
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