BULLISH· 65BTC

BTC Hash Ribbon Signal Flipped: Bitcoin Miners Show the Bottom Might Be In

Originally reported by Bitcoin MagazinePublished 28 Oct, 18:50 ISTAI analysis 28 Oct, 19:01 ISTRead the original article

What happened — 5 key points

1The Bitcoin hash ribbon recovered on August 26 and has maintained that recovery for 61 days.
2Historically, Bitcoin prices were higher one year after this signal in six out of seven counted instances.
3The 30-day hash rate has risen to roughly 1.1 ZH, representing a 13 percent increase from July lows.
4Some miners reportedly left the network voluntarily to pursue AI contracts rather than facing standard financial capitulation.
5Technical indicators show the MVRV ratio above its average and Bitcoin trading above its 50-week moving average.

Key takeaway

The hash ribbon signal suggests that intense pressure on Bitcoin miners might be ending, which historically aligns with healthier market phases, though structural changes like AI shifts introduce new uncertainties.

Short-term impact (days–weeks)

NEUTRAL

Short-term price action may remain range-bound despite the technical signal.

Medium-term impact (1–3 months)

BULLISH

Over the next one to three months, historical trends suggest potential upside as miner stability returns.

Key risks

Voluntary miner departures for AI contracts could distort the reliability of traditional hash ribbon signals.
Historical indicators are backward-looking and may not accurately predict future price movements.
Macroeconomic conditions could override on-chain metrics and miner behavior.

This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.

What happened — 5 key points

1The Bitcoin hash ribbon recovered on August 26 and has maintained that recovery for 61 days.

2Historically, Bitcoin prices were higher one year after this signal in six out of seven counted instances.

3The 30-day hash rate has risen to roughly 1.1 ZH, representing a 13 percent increase from July lows.

4Some miners reportedly left the network voluntarily to pursue AI contracts rather than facing standard financial capitulation.

5Technical indicators show the MVRV ratio above its average and Bitcoin trading above its 50-week moving average.