NewsBTC •
April 29, 2026 at 08:40 •
Analysis
Bitcoin’s Hash Ribbons indicator has flashed another buy signal, reviving a historically watched miner-capitulation setup. But according to crypto analyst Darkfost, the signal may require more caution this cycle as miner activity becomes increasingly exposed to energy shocks, geopolitical pressure and shrinking block rewards. Hash Ribbons is designed to track stress in Bitcoin mining by comparing the 30-day moving average of hashrate with the 60-day moving average. When shorter-term hashrate falls below longer-term hashrate and later recovers, the model has often been interpreted as a sign that miner capitulation is ending and that conditions are improving for the network’s operators. Bitcoin Buy Signal Returns, But Here’s The Catch Darkfost framed the latest signal ...
