Analysis: Bitcoin Miner Capitulation Nears Its End, May Signal Bitcoin Price Bottom
ChainCatcher News, according to market sources and Glassnode data, the hash ribbon indicator is close to issuing a signal marking the end of a three-month miner capitulation, which is one of the longest miner capitulation periods in history. When the 30-day hashrate moving average rises above the 60-day moving average, a recovery signal will be triggered, indicating that miners are coming back online and network pressure is easing.
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.
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