BTCRebound signal? The hash ribbon indicator indicates the end of MinerCapitulation, and exchangeBTC reserves hit a 3-year low.

Cryptocurrency analyst bitcoindata21 recently cited Glassnode data on social platform X, indicating that BTCMiner may currently be facing the Capitulation phase, where the Mining cost of Miner exceeds the cost required for Mining, a sign that BTC may experience a Rebound. (Background: Galaxy Digital CEO: A wave of 'crypto world company listings' expected in May-June this year! BTC to enter U.S. government reserves within six months) (Context: BTC has shown a three-day 'extreme doji star' struggle between bulls and bears, is a major move imminent?) Following the intense Fluctuation caused by Trump's tariff policy earlier this month, the market has been stagnant, oscillating between $95,000 and $100,000, without a clear trend. Hash ribbon indicator suggests a potential Rebound for BTC. However, according to Cryptocurrency analyst bitcoindata21 citing Glassnode data on social platform X, the current BTCMiner may be indicating the direction of a Rebound in BTC price. bitcoindata21 points out that the BTC hash ribbon indicator shows that the current BTCMiner is facing a new Capitulation phase, indicating that BTC may have bottomed out and a reversal is imminent: The hash ribbon is a market indicator that signals Miner Capitulation when BTC Mining costs become too high relative to the required costs (Miners are forced to shut down Mining Rigs), often indicating that BTC has reached a bottom. When the 30-day moving average Computing Power line crosses the 60-day moving average Computing Power line, it indicates that the worst period of Miner Capitulation has ended. It is noteworthy that Miner Capitulation is rare and usually occurs on the eve of a long-term BTC bull run. The last Miner Capitulation phase occurred in mid-October 2024, coinciding with the breakthrough of the previous bull market's all-time high, and in the following two months, BTC eventually reached a new all-time high of $108,000. CryptoQuant analyst Darkfost also expressed agreement on February 11, stating that the hash ribbon indicator has always been able to predict a Rebound in BTC, failing only once during the market downturn caused by the COVID-19 pandemic. This indicator consistently highlights optimal entry points, whether for profiting from Fluctuations in the medium term or holding long term. BTCexchange reserves drop to 2.5 million coins. Additionally, CoinGape revealed on social platform X yesterday (11th) that the current BTC balance on exchanges has dropped to 2.5 million coins, hitting a near three-year low: BTCexchange reserves hit a three-year low of 2.5 million coins. With increasing ETF demand, will the market face supply-demand tension? Note: A drop in BTCexchange reserves typically indicates that investors prefer to withdraw BTC from exchanges to hold long term in Wallets, corresponding to a long-term bullish attitude towards the coin price, which may suggest that BTC will experience an upward movement or Rebound.