Just noticed the hash ribbons indicator is flashing again. For those who follow on-chain metrics, this particular signal has historically marked some interesting cyclical bottoms for Bitcoin. Been watching this setup a few times over the past cycles and it's worth paying attention to. The hash ribbons basically track miner behavior through difficulty adjustments - when it flips, it often signals capitulation in the mining space, which tends to coincide with local price floors. Not saying it's a guaranteed bottom every time, but the pattern has shown up consistently during previous bear market cycles. Curious if this plays out the same way this time around. Anyone else tracking this indicator?

BTC-0.4%
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