Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits

A recent X post highlights an important observation in Bitcoin’s mining landscape, mainly the Hash Ribbon indicator that shows an 8% increase in miner activity since the last difficulty drop.  While the chart suggests a recovery from miner capitulation, it hasn’t yet reached the >15% threshold typically associated with a strong bullish trend confirmation for […] The post Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits appeared first on Coin Edition.