BTC Difficulty Reaches All-Time High, Signaling Miner Capitulation and Suggesting Potential Local Bottom for Bitcoin Market
Bitcoin’s mining difficulty has reached a record high of 114.7 trillion, following a 5.6% increase over the weekend. This surge in difficulty coincides with the Hash Ribbon indicator suggesting that miners are capitulating, which often signals a potential price bottom for Bitcoin. Data shows that miner capitulation began in early February, contributing to Bitcoin’s decrease ...
