Hold your shorts! While the bears were celebrating $60k, a legendary indicator just flipped. The Hash Ribbon—the same signal that pinpointed the $15,500 bottom in 2022—is officially signaling that Miner Capitulation is OVER.
Here is why the vibe just shifted:
🔹 The 2022 Parallel: For the first time since the FTX crash, Bitcoin is trading below its production cost ($66k). Historically, this is the "Max Pain" zone before a massive moon mission.
🔹 Hashrate Recovery: The 30-day moving average is finally crossing back above the 60-day. Translation: Miners are turning their rigs back ON.
🔹 Historical Wins: This exact pattern marked the absolute bottoms in 2015, 2018, and 2022.
We’ve survived 3 months of brutal pressure. Is the $60k floor the springboard for the next leg up, or is this a "fakeout" before one last flush?
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