Bitcoin Hash Ribbons suggest it’s time to Buy BTC Again

The following are key points.

• For the third consecutive year, an historically accurate Bitcoin Price Metric is showing green.

• Since the beginning of this year, BTC mining sales are down compared with 2024.

• While profit-taking is a common move at all-time-highs, it’s less popular. “euphoric” Prices are higher than they were in the previous cycles.

BitcoinBTCContinue to See “buy the dip” Signals as the mining hashrate reaches new highs.

Onchain Analytics platform tracks the historically accurate Hash Ribbons metrics CryptoQuantFor the third time, 2025 will see the.

The Hash Ribbons: Buy Bitcoin today! “smart move”

Bitcoin’s performance still tells market participants that they should buy, despite the price reaching new highs in last month.

Hash Ribbons measures hashrate by calculating the averages of 30 and 60 days. The company now claims that current prices are a good indicator. “long-term buying opportunity.”

“It’s not a big surprise considering that the hashrate has recently reached new all-time highs,” CryptoQuant’s Darkfost contributor commented on one of its “Quicktake” Blog posts about the subject.

Hash Ribbons is a brand of Hash Ribbons. impressive track record The price has dropped and the bottom was caught. “buy” Signals occur relatively seldom. 

The aforementioned is a post on XDarkfost noticed that little attention had been paid this time to the indicator.

“Bottom line, this signal is telling you that buying the dip around here is a smart move,” He added.

After sustained sales throughout the last year, BTC reserves of miners are expected to remain more or less unchanged through 2025.

The total amount of BTC in the wallets of known miners was approximately 1.8 millions as at June 4.

Profit-taking “euphoria” fades

As well as elsewhere, Cointelegraph continues to reportLarge-volume investors took advantage of this opportunity and locked in their profits.

Related: Bitcoin on ‘very shaky ground’ as new BTC price top nears: Ammous

According to the latest research by onchain analytics company Glassnode, Bitcoin whales as well as long-term bitcoin holders have both been selling their coins. However, compared with previous cycles of price, these moves were more subtle.

This latest newsletter from “The Week OnchainGlassnode calculated the average 90-day moving simple of realized hodler profits. “compare profit-taking intensity across cycles on an apples-to-apples basis.”

“A clear trend emerges: profit-taking has grown less euphoric over time, reflecting the broader degradation in cyclical upside performance and lower volatility profiles as the market matures,” researchers summarized.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.