Did you see that the Hash Ribbon just flashed again? I just looked at the on-chain data and it's an interesting signal. This indicator measures miner pressure, and history shows that it often marks Bitcoin's cyclical lows.

Every time the Hash Ribbon activates like this, we've generally seen significant rebounds in the following weeks. Of course, it's not a guarantee, but it's one of the few on-chain indicators with a decent track record for identifying potential entry points.

So, it's worth keeping a close eye on right now. The Hash Ribbon can be a useful tool for spotting where the market is finding its bottoms. Interesting to incorporate into your analysis.