Hash Ribbon recovery and sub production pricing suggest the worst of the bitcoin drawdown may have passed.
One of longest mining capitulations nears end, signaling potential BTC price bottom
AI IMPORTANCE: 7/10
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AI INSIGHT
Hash Ribbons flips to 'recovery' on Feb. 25, 2026, ending an extended miner capitulation; Bitcoin sub-production pricing metric eases the same day as miners' average sell price moved closer to estimated production cost.
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