{"id":12247,"date":"2025-02-10T12:32:36","date_gmt":"2025-02-10T12:32:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12247"},"modified":"2025-02-10T12:32:36","modified_gmt":"2025-02-10T12:32:36","slug":"bitcoin-difficulty-hits-new-highs-as-key-metric-signals-miner-capitulation-and-possible-bottom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12247","title":{"rendered":"Bitcoin Difficulty Hits New Highs as Key Metric Signals Miner Capitulation and Possible Bottom"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to <a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoin\/difficulty-chart\" target=\"_blank\">CoinWarz<\/a>. <\/p>\n<p>This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate \u2014 when mining costs exceed profitability.<\/p>\n<p>According to Glassnode data, miner capitulation began in early February. Bitcoin is down over 4% month-to-date. Historically, when this metric signals capitulation, it has marked local price bottoms. <\/p>\n<p>If this pattern holds, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/04\/bitcoin-still-following-previous-cycle-s-trajectory-despite-price-drop-van-straten\" target=\"_blank\">bitcoin\u2019s bottom<\/a> could be around $91,000. The last capitulation signal occurred in October 2024, just before BTC surged 50%.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/a4fff20331ff0a392290799aad03bc4bab8f8c10-1800x1013.png?auto=format\" alt=\"\"><\/p>\n<p>This rise in difficulty is due to bitcoin\u2019s rising hash rate, which hit an <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/04\/bitcoin-hashrate-hits-all-time-high-defying-analyst-expectations\" target=\"_blank\">all-time high<\/a> on Feb. 4. Mining difficulty adjusts every 2,016 blocks, targeting an average block time of 10 minutes.<\/p>\n<p>As difficulty increases, mining becomes more competitive, placing additional pressure on miners. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/07\/riot-platforms-bucks-trend-of-weak-january-bitcoin-production-figures\" target=\"_blank\">January\u2019s production data<\/a> reflects this, with Riot Platforms (RIOT) being the only major public miner to report a month-over-month production increase.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12247","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12247"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12247\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}