Capriole Investments founder: Hash Ribbon data show that bitcoin miner capitulation has ended

08/21 01:00

Charles Edwards, the founder of Capriole Investments tweet that the Bitcoin miner capitulation has officially ended today, making it the 3rd longest capitulation in history at 71 days. This capitulation zone was longer than 2021, and just two days shorter than 2018's where price touched $3.1K. He said that historically, Bitcoin's miner capitulations have captured major price lows and been great buy-signals. Miner capitulations that occur late cycle (at least 2 years after halving) and after cycle tops have been the most profitable long-term signals (eg. 2012, 2015, 2018).
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