Prelude to Bull Run?
Let’s get this party started…!
Prelude to Bull Run: Bitcoin Hash Ribbons Signal Miner Capitulation Only Just Started
“Hash rate is plummeting faster than Bitcoin’s price, suggesting that miners are starting to turn off their machines and await higher prices to return.
An indicator called Hash Ribbons is signaling that miners are only just beginning to capitulate. And while this could suggest more downside in the near term, once things return to normal, the lows act as the final shakeout before a new bull run begins.”