Bitcoin shows signs of potential rebound despite miner stress, profit-taking, and weakened scarcity. Strong support, positive funding, and oversold momentum may help sustain its bullish structure if sentiment improves.

Since the 25th of June, the Hash Ribbons indicator has continued to flash a signal, indicating persistent miner stress within the Bitcoin [BTC] ecosystem.

The signal appears when the 30-day Moving Average of hashrate remains below the 60-day average, reflecting periods when miners struggle to maintain operations.

Historically, such signals often precede bullish phases once miner capitulation subsides