Bitcoin flips 'macro bullish' amid first Hash Ribbon buy signal in 8 months

Bitcoin bull cues are resurfacing as Hash Ribbon data says "buy" for the first time since July 2024, confirming the end of the latest miner capitulation phase.

Bitcoin (BTC) traders are celebrating as one of the best-known BTC price metrics finally flips bullish again.

The popular Hash Ribbon tool, created by quantitative Bitcoin and digital asset fund Capriole Investments, has printed its first buy signal in a “macro bullish” event.

Bitcoin miners look set to make a comeback as the Hash Ribbon metric marks the end of their latest “capitulation” phase.

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