Bitcoin miners are expressing strong confidence in the long-term potential of the asset as the Bitcoin network's hash rate hits new all-time highs. The Hash Ribbons indicator, which analyzes the moving averages of Bitcoin's hash rate, suggests a positive shift and the potential for price recovery. The rising hash rate not only reflects miner confidence, but also enhances the resilience and security of the network. The recent bullish crossover in the Hash Ribbons indicates the end of miner capitulation and suggests that miners anticipate sustained growth.



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