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Bitcoinâ–˛ Bullish

Bitcoin Hash Ribbon Recovers, Suggesting Miner Stress Is Easing

TradingGain NewsroomTradingGain Newsroom··28 Oct 2026, 13:20 UTC

Analyst Sean Hagan says Bitcoin's hash ribbon indicator has flipped, a signal tied to miner health. He cites a historical 72% edge and easing miner stress as signs a market bottom could be near. He also questions whether miners leaving the network by choice could distort the signal.

BTCAt the time of writing, Bitcoin traded at $80,601 (+0.59% in 24h).Live price →

Why it matters

  • The hash ribbon signal has flipped, which some traders read as a possible bottom in Bitcoin.
  • The analysis cites a historical 72% edge, which may support a bullish view for traders.
  • Questions about voluntary miner exits mean the signal may be less reliable than it looks.

What to watch next

Watch whether miner stress keeps easing and whether future miner selling appears voluntary or forced.

This brief is written by TradingGain from public reporting by Bitcoin Magazine.Read original ↗
Bitcoin Hash Ribbon Recovers, Suggesting Miner Stress Is Easing
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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.