Bitcoin Hash Ribbons Flip to Capitulation Signal as Hashrate Drops by Around 20%
Show original
Bitcoin's hash ribbons have turned into a capitulation signal after a roughly 20% drop in hash rate. Historically, this signal has appeared near major Bitcoin bottoms, including after the 2022 FTX incident and following the unwinding of yen carry trades in 2024. (CoinDesk)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
A whale deposited $2.18 million into HyperLiquid and opened a 10x leveraged short position on ETH.
ForesightNews•2026/03/07 01:40
The Crypto Fear Index reports 12 today, indicating intensified "extreme fear" sentiment in the market.
BlockBeats•2026/03/07 01:38
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$68,316
-4.09%
Ethereum
ETH
$1,982.28
-5.10%
Tether USDt
USDT
$1.0000
-0.01%
BNB
BNB
$628.92
-3.41%
XRP
XRP
$1.37
-3.17%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$84.82
-4.85%
TRON
TRX
$0.2849
-0.04%
Dogecoin
DOGE
$0.09162
-2.77%
Cardano
ADA
$0.2596
-4.12%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now