11 Feb 2025

light mode

The capitulation of bitcoin miners is OVER!

The capitulation of bitcoin miners is OVER!

Analyst Charles Edwards tweeted that the bitcoin miner capitulation is officially over. The conclusion is based on the indicators of the Hash Ribbon indicator. According to the founder of Capriole Investments, this is an excellent signal to purchase.

On this page

Miners sold off BTC to cover losses and stay afloat for 71 days. The statistics show that the capitulation of Bitcoin miners was longer than in 2021 and a few days shorter than in 2018 when the quotes were at $3,100. Therefore, the recent capitulation was much more painful for the market. 

According to historical data, if miners sell bitcoin at the end of the cycle (at least 2 years after the reduction of the premium for adding a block to the network, which is called halving) – this is a profitable long-term signal.  The second phase of the cycle began on May 10, 2022, which makes Charles Edwards’ predictions very optimistic.

Recall that in the first half of this year, BTC fell by 69.2% from the all-time high reached in November, and the second quarter of 2022 was the worst in the history of the digital asset.

What is the Hash Ribbon indicator?

Charles Edwards created the Hash Ribbon indicator in 2019. Its concept is described in the Hash Ribbons & Bitcoin Bottoms analyst’s essay. The tool is based on the correlation between the 30-day and 60-day moving averages of BTC’s net hash rate (the number of hashes calculated considering all blockchain miners). When the 30 DMA falls below the 60 DMA, it signals the capitulation of the miners. If the opposite situation is observed, the sales of miners in the market are completed. A long-term upward trend must be followed not only by a rise in price but also by the location of the 30 DMA indicator above the 60 DMA. 

What is Capriole Investments?

Capriole Investments positions itself as an expert in bitcoin and other cryptocurrencies. The company creates autonomous trading models and deploys patented algorithms for trading. They use technical and fundamental analysis, machine learning, test the data on historical indicators and verify them in actual market conditions.

Capriole Investments also provides comprehensive risk management and security. According to the company’s website, its trading mechanism has the best execution speed and the ability to maximize profits.

Capriole Investments is regulated by the British Virgin Islands Financial Services Commission and is intended for wealthy investors. 

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author

Latest News

MORE
GTA 6 Rumored to Feature Crypto Payments and Play-to-Earn Model

GTA 6 Rumored to Feature Crypto Payments and Play-to-Earn Model

The internet is buzzing once again with speculation that Grand Theft Auto VI (GTA 6) might introduce cryptocurrency payments and implement Play-to-Earn (P2E) mechanics.

10 Feb 2025
Crypto Bull Market? DonAlt Says Sentiment Has ‘Never Been Worse’

Crypto Bull Market? DonAlt Says Sentiment Has ‘Never Been Worse’

Despite Bitcoin trading near the $100,000 mark, some crypto influencers argue that market sentiment is at an all-time low. BTC’s dominance has overshadowed most altcoins, leaving many retail investors frustrated.

10 Feb 2025
Klarna to Integrate Crypto: CEO Invites User Suggestions

Klarna to Integrate Crypto: CEO Invites User Suggestions

Klarna, a global payment solutions provider based in Sweden, became the latest fintech to integrate cryptocurrencies.

10 Feb 2025
Polymarket Grows as Users Move Beyond Election Bets

Polymarket Grows as Users Move Beyond Election Bets

Polymarket’s rise was fueled by political wagering, but its growth hasn’t stopped there. The platform now offers a wide range of prediction markets, attracting users looking for more than just election-based speculation.

10 Feb 2025

Latest News Alt

MORE
Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

03 Feb 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

27 Jan 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

13 Jan 2025

Might Be Interesting

MORE
How Blockchain Helps Combat Disinformation

How Blockchain Helps Combat Disinformation

Fake news has become a global issue, shaping public opinion, fueling social tensions, and even influencing political decisions. With the rise of social media, the spread of misinformation has accelerated, making it increasingly difficult to regulate. However, blockchain technology offers a promising solution in the fight against fake news.

07 Feb 2025
Trading Psychology: How to Avoid Falling Victim to Your Own Biases

Trading Psychology: How to Avoid Falling Victim to Your Own Biases

The most successful traders aren’t always the smartest. More often, those who excel are the ones who understand psychological traps, manage their emotions, and maintain rationality under pressure.

03 Feb 2025
Liquidity Pools — The Engine Driving DeFi

Liquidity Pools — The Engine Driving DeFi

Liquidity pools fuel DeFi by enabling instant token swaps, but what exactly are they? These crowdsourced reserves make decentralized trading possible—but they also come with risks. Here’s what you need to know before diving in.

31 Jan 2025
Bitcoin Name Service — Making Web3 Addresses Easier to Read

Bitcoin Name Service — Making Web3 Addresses Easier to Read

As the Bitcoin blockchain evolves, new opportunities are emerging for users to interact with DEX technologies. One of the major advancements is the Bitcoin Name Service (BNS)—a protocol that replaces complex web3 addresses with names that are easy for humans to understand.

29 Jan 2025
How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

PayPal is one of the most popular online payment platforms. In 2022, it introduced features that allow users to transact with cryptocurrencies, including Bitcoin (BTC). However, withdrawing crypto from PayPal is not as straightforward as transferring fiat funds. This guide will walk you through the process of withdrawing Bitcoin from PayPal.

29 Jan 2025
Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Being your own bank is one of the great perks of crypto. It’s perfect for those who want extra security or believe in decentralization. But self-custody isn’t exactly a walk in the park – you’ve got to master the art of backups because you’re the only one responsible for your assets.

28 Jan 2025

Opinions

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

The Super Bowl, the largest sporting event in the US, has more to it than just the competition. The exciting show and, of course, commercials and bets are a big part of it, too. The winner will become known as early as tomorrow. Not everything always goes smoothly, though.

08 Feb 2025
Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes, in The Genie, argues that Trump’s crypto agenda might not be what it seems. Could regulatory changes lead to unexpected consequences? Read our full breakdown.

07 Feb 2025
MORE

Interviews

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

The first crypto craze took place almost a decade ago. Overnight, many people found out about Bitcoin and its underlying technology, blockchain.

31 Jan 2025
Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Volodymyr Nosov, CEO of Europe’s largest crypto exchange WhiteBIT, sat down with Dmytro Gordon, one of Ukraine’s most prominent journalists. The interview touched on Bitcoin, crypto, WhiteBIT, cars, keys to success, and business vision.

18 Dec 2024
MORE