TechFlow news, June 5 — CryptoQuant analysis indicates that the Hash Ribbons indicator has generated a Bitcoin buy signal. This indicator evaluates stress levels in the miner ecosystem by comparing 30-day and 60-day moving averages of hash rate. The analysis notes that despite Bitcoin's hash rate recently reaching an all-time high, miners are facing short-term pressure and may be forced to sell Bitcoin to sustain operations. Such selling often creates long-term buying opportunities.
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