比特币（BTC）矿工向市场转移，哈希丝带指示器接近恢复信号

比特币（BTC）矿工正在向市场转移，因为散列丝带指标表明了投降的终结。从历史上看，这是先进的

output: As Bitcoin [BTC] continues its price journey, reaching new highs, the Hash Ribbon indicator signals a pivotal market shift. This indicator, which tracks the 30-day and 60-day Moving Averages (MA) of the network’s hash rate, is nearing a critical juncture, signaling the end of miner capitulation.

输出：随着比特币[BTC]继续其价格旅程，达到新的高点，哈希丝带指标信号是关键的市场变化。该指标跟踪网络哈希速率的30天和60天移动平均值（MA），正接近一个关键的关头，标志着矿工投降的结束。

This phenomenon, which has historically preceded major Bitcoin price movements, marks a transition from miner stress to recovery. As the 30-day MA approaches the 60-day average, it suggests that miners, who have faced profitability challenges amid rising network difficulty and costs, are regaining stability.

这种现象历史上一直以前是比特币价格变动，它标志着从矿工压力到恢复的过渡。随着30天的MA接近60天的平均水平，它表明，在网络难度和成本上升，面临盈利能力挑战的矿工正在恢复稳定。

According to the indicator, periods of miner capitulation have coincided with the beginning of significant Bitcoin price rallies. For instance, BTC’s early 2021 recovery coincided with its rise to $64,000, while the 2023 recovery marked its climb past $30,000.

根据该指标，矿工投降时期与大量比特币价格集会的开始相吻合。例如，BTC的2021年早期恢复恰逢其上涨至64,000美元，而2023年的回收率标志着其攀登以上30,000美元。

This pattern suggests that improving miner conditions, as indicated by the Hash Ribbon, could herald a new phase of recovery in Bitcoin’s price. With the network hash rate at all-time highs and BTC trading close to $100,000, this trend aligns with the narrative of miner resilience.

这种模式表明，如哈希丝带所表明的那样，改善矿工条件可以预示比特币价格恢复的新阶段。随着网络的历史高潮和BTC交易接近100,000美元的速度，这种趋势与矿工弹性的叙述保持一致。

As Bitcoin approaches key resistance levels and prepares for its next directional move, the Hash Ribbon indicator's nearing recovery signal has sparked speculation among market participants. This indication, combined with other technical and fundamental factors, could influence BTC's price trajectory.

随着比特币接近关键阻力水平并为其下一个定向运动做准备，哈希丝带指标的接近恢复信号激发了市场参与者之间的猜测。这种迹象表明，加上其他技术和基本因素，可能会影响BTC的价格轨迹。

While the Hash Ribbon is a useful tool in assessing long-term Bitcoin price trends, it is essential to note that market conditions in 2025 differ from previous cycles.

尽管哈希色带是评估长期比特币价格趋势的有用工具，但必须注意，2025年的市场条件与以前的周期不同。

With higher institutional involvement and tighter liquidity, a multi-metric approach is advised for a much more rounded analysis of the situation.

由于机构的参与和更严格的流动性，建议采用多项式方法来对情况进行更全面的分析。