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TechFlow news, February 11 — According to Cointelegraph, data from on-chain analytics platform Glassnode shows the Bitcoin Hash Ribbon indicator has generated a "capitulation" signal, with the 30-day moving average of hash rate falling below the 60-day average.
Data indicates the previous miner capitulation phase occurred in mid-October 2024, after which Bitcoin's price rose from $73,800 to $108,000.
According to Cointelegraph, data from on-chain analytics platform Glassnode shows the Bitcoin Hash Ribbon indicator has generated a "capitulation" signal, with the 30-day moving average of hash rate falling below the 60-day average. Data indicates the previous miner capitulation phase occurred in mid-October 2024, after which Bitcoin's price rose from $73,800 to $108,000.
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