Bitcoin Hash Ribbons Signal Potential Bull Run Despite Miner Pressure

Bitcoin’s hash rate recently hit a new all-time high, triggering a buy signal from the Hash Ribbons indicator. This suggests potential long-term growth in price as miners’ pressure may drive short-term selling. 20,000 BTC have exited exchanges, signaling reduced supply and increased market confidence. Analyst Darkfost points to the signal as a precursor for future gains.