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.
Hash Ribbons Signal Miner Capitulation Has Only Just Begun
Bitcoin derives much of its val