Bitcoin buy signal emerges as Hash Ribbon indicator shows miner stress

Bitcoin (BTC) could be entering a favorable buying zone, according to a new analysis shared on the CryptoQuant platform by Darkfost. The insight is based on the Hash Ribbons indicator, which is designed to identify periods when BTC miners are under financial stress and may be capitulating. Such phases tend to coincide with major price lows, potentially offering buying opportunities. This signal follows a recent surge in BTC’s hashrate to record levels. Although short-term selling pressure can result as miners offload BTC to cover costs, it can also set the stage for attractive long-term buying opportunities.