CoinDesk (@CoinDesk): DATA: Bitcoin’s Hash Ribbon just flipped into capitulation after a ~20% drop in hashrate.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+70Positive
DATA: Bitcoin’s Hash Ribbon just flipped into capitulation after a ~20% drop in hashrate. This signal has historically appeared near major $BTC bottoms, including after FTX in 2022 and the 2024 yen carry unwind.