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#Miners are capitulating!
We've recently discussed mining activity and the potential for miner capitulation, now the Hash Ribbons is flashing again.
The Hash Ribbons indicator, which evaluates the health of Bitcoin's mining ecosystem by tracking hash rate fluctuations, has historically been a reliable signal.
Notably, It has only missed once due to the unprecedented impact of the COVID-19 market shock.
This indicator consistently highlights optimal entry zones, both for mid-term positioning and long-term accumulation.
Each time the Hash Ribbons have flashed in the past, a rally has followed.