PANews February 25 News, according to CoinDesk, Glassnode data shows that the Hash Ribbon indicator is close to signaling the end of a three-month miner capitulation, one of the longest in history. When the 30-day moving average of hash rate rises above the 60-day moving average, a recovery signal will be triggered, indicating miners are coming back online and network pressure is easing. Since the indicator first reversed in November last year, Bitcoin has fallen from about $90,000 to a low of $60,000 in early February, and is now rebounding to around $65,000.
The Hash Ribbon indicator is based on the comparison of the 30-day and 60-day moving averages of hash rate. Miner capitulation occurs when mining revenue falls below operational costs, causing inefficient miners to shut down and sell Bitcoin holdings, leading to a decrease in hash rate and increased market selling pressure. Historically, such capitulations often coincide with local or major bottoms, including January 2015, December 2018, and December 2022. Currently, Bitcoin’s trading price is below the estimated average production cost of $66,000. The last time this happened was in November 2022, when Bitcoin bottomed around $15,500.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy Acquires 34,164 BTC Worth $2.54B as Stablecoin Inflows Reach $1.88B
Gate News message, according to Lookonchain Weekly Report (Apr 13–Apr 19, 2026), the market witnessed $1.88B in new stablecoin inflows. CEX spot trading volume increased while perpetual contract volume decreased during the period.
Institutional demand surged, with Strategy purchasing 34,164 BTC val
GateNews19m ago
Bitcoin Treasury Companies Head to Vegas After Surviving Drawdowns
Digital asset treasury (DAT) companies are emerging as the focal point at Bitcoin Conference 2026 in Las Vegas, according to BTC Inc. head of growth partnerships Sean Hagan. After months of market drawdowns, nearly all firms that loaded their balance sheets with Bitcoin remain operational and are
CryptoFrontier58m ago
Upcoming 'Bitcoin' Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity
A film exploring Bitcoin’s origins is moving toward global release while spotlighting the mystery of Satoshi Nakamoto. Starring Gal Gadot and Casey Affleck, it revisits Craig Wright’s contested claims and their impact on Bitcoin’s identity.
Key Takeaways:
New Bitcoin film stars Casey Affleck and
Coinpedia1h ago
MicroStrategy buys 34,164 BTC in one week, spending $2.54 billion: the third-largest purchase in history, with total holdings of 815k BTC surpassing BlackRock
MicroStrategy bought 34,164 bitcoins for $2.54 billion last week, bringing its total holdings to 815k BTC, making it the largest bitcoin-holding institution in the world. The funding source was mainly raised through STRC preferred shares and common stock offerings, reflecting a signal from institutions to buy in the face of market weakness. Although the MSTR stock price faces short-term pressure, it still shows a strong long-term capital allocation trend, providing multiple ways for investors in Taiwan to participate.
ChainNewsAbmedia3h ago
Tether Holds 8.2% Stake in Bitcoin Mining Finance Firm Antalpha Following $49.3M IPO
Tether and CEO Giancarlo Devasini own 1.95 million shares (8.2%) in Bitcoin mining finance company Antalpha, which raised $49.3 million in its IPO. Antalpha offers Bitcoin-collateralized lending and has a $1.6 billion loan portfolio.
GateNews3h ago
Crypto ETPs Record $1.4B Weekly Inflows as Bitcoin Rally Extends Rally Optimism
Cryptocurrency ETPs saw $1.4 billion in inflows last week, marking the highest since January, driven mainly by Bitcoin. Year-to-date inflows reached $3.8 billion, boosted by positive geopolitical sentiment and Bitcoin price increases.
GateNews3h ago
