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BTCHash Rate First Rebound Since Halving
Golden Finance reported that according to the CryptoQuant Hash Ribbons indicator, the Hash Ribbons indicator has just issued a signal of the end of Miner Capitulation, while the Hash Rate has reached a new peak of 638 exahashes (EH/s) per second, marking the first rebound since the Bitcoin Halving. CryptoQuant explained: “Although this indicator is not designed to accurately indicate the bottom of the price, it usually signals a reduction in Miner dumping pressure before the price pumps.”