Bitcoin miners halt sales as BTC gains 20% since hash ribbon 'buy' signal

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A low value implies that miners are holding their coins and are not increasing the $BTC supply in the current market, which is positive for the price.(h/t: @Alphractal ) pic.twitter.com/M6iMz7jReT— Cointelegraph Markets & Research (@CointelegraphMT) May 10, 2025Hash Ribbons deliver classic BTC bull signalA classic metric covering miner behavior meanwhile continues to display classic performance since its latest “buy” signal.

Source: Capriole InvestmentsSince offering its last market entry tip in late March, BTC/USD has gained around 20%.“The hash ribbons are still flashing a buy signal here,” Mister Crypto commented in a post on the phenomenon this week, predicting BTC price to “go much higher in May.”Bitcoin Hash Ribbons data.

Extremely bullish for Bitcoin! pic.twitter.com/bLuCM5GMgL— Mister Crypto (@misterrcrypto) May 14, 2025Earlier, Cointelegraph reported on decreasing miner sell-side pressure helping contribute to price trend, with institutional buy volumes dwarfing the amount of mined BTC per day.📊MARKET UPDATE: #Bitcoin miner selling pressure is at its lowest since 2024.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Miner Miners Data Selling Btc/usd Shows Hash Ribbons Price Bitcoin Latest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 09:24:40 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28705667

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Main Topics: Crypto

Official Website: cointelegraph.com

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