News & Insights: It Ain't Over Till It's Over
Or is it over...?
After a few weeks of positive development, Bitcoin price saw a big red candle. The 10%+ drop had a significant impact on profitability of miners. However, hashrate and miner reserves did not seem to care, suggesting that big miners were not significantly impacted by the downturn. Moreover, the Hash Ribbons Indicator flashes that the miner capitulation i…