Bitcoin is down nearly 7% from its all-time high, prompting on-chain signals to indicate a buying opportunity.
The Bitcoin Hash Ribbons indicator, tracking the hashrate, is signaling a potential entry point during market corrections.
Monitoring Bitcoin mining activity, the Hash Ribbon helps identify miner stress or capitulation, with recoveries indicating profitable buying opportunities.
Recent data shows Bitcoin's hashrate hitting new highs, reaching 1.016 billion TH/S, with market experts suggesting buying the dip during hashrate recoveries.