Bitcoin Hash Ribbon Recovery Holds for 61 Days as Miner Stress Eases
- —Hash Ribbon recovered on August 26 and has held for 61 straight days
- —BTC was higher a year later in 6 of 7 recoveries, about a 72% edge
- —30-day hash rate near 1.1 ZH, up 13% from the July low
- —2026 saw 223 of 365 days in miner capitulation versus 141 in 2012
Why it matters: The signal suggests miner stress has peaked, though miners leaving for AI contracts may distort its reliability.
Source: Bitcoin Magazine