WARNING: Bitcoin's Sleeping Giant is About to Awaken!
For weeks, Bitcoin has been quietly building momentum, waiting for the perfect moment to strike. And now, on-chain metrics are screaming that the time is near! Miner capitulation, a phenomenon where miners sell off their holdings due to unprofitability, has finally come to an end.
This is significant because historically, the end of miner capitulation has been a bullish sign for Bitcoin, preceding major price leaps. The Glassnode Hash Ribbon indicator, which measures the health of the Bitcoin network, has flipped, indicating that miners are returning to the network and making operations more profitable.
But that's not all - CryptoQuant data also shows that miners are making profits again, adding fuel to the fire! With miners back in business and profitability on the rise, the stage is set for a potential Bitcoin breakout. The question is, will we see a surge past $70,000?
Share your predictions and cast your vote! Are you buying the dip or holding tight? Let's get the conversation started! Like and comment below! Follow me for more crypto insights and updates!
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