Bitcoin In An Opportunity Zone? Hash Ribbons Flash New Buy Signal

On-chain data shows the popular Bitcoin Hash Ribbons indicator has just given a miner capitulation signal. Here’s what this could mean.
Bitcoin Hash Ribbons Now Signaling Miner Stress
As pointed out by CryptoQuant author Darkfrost in an X post, the Bitcoin Hash Ribbons have shown a crossover that has historically corresponded to rising stress among the miners. The Hash Ribbons indicator aims to gauge the situation of the miners by comparing the 30-day and 60-day moving averages (MAs) of th