According to @caprioleio, the Bitcoin Hash Ribbons signal has just triggered, indicating a fresh read on the miner-driven indicator, source: Charles Edwards on X, Jan 5, 2026. According to Charles Edwards’ published Hash Ribbons methodology, the indicator tracks Bitcoin hash rate trends to identify miner capitulation and subsequent recovery phases that traders monitor for accumulation timing, source: Capriole Investments research by Charles Edwards. According to Capriole Investments research, traders typically look for confirmation via sustained hash rate recovery and BTC price follow-through after a Hash Ribbons trigger, source: Capriole Investments research by Charles Edwards. According to the source post, no specific price targets or timeframes were provided with this alert, source: Charles Edwards on X, Jan 5, 2026.

According to @cas_abbe, the Bitcoin Hashprice Index has dropped to $34.5, its lowest level ever, indicating a sharp deterioration in miner economics, source: @cas_abbe on X, Nov 23, 2025. As stated by @cas_abbe, as this index declines, mining profitability falls, source: @cas_abbe on X, Nov 23, 2025. @cas_abbe reports that lower profitability could lead miners to log off equipment and sell their BTC, source: @cas_abbe on X, Nov 23, 2025. Per @cas_abbe, this dynamic would cause hashrate to drop and trigger miner capitulation, a key market risk for BTC traders, source: @cas_abbe on X, Nov 23, 2025.