This is by far the most brutal 💰 #Bitcoin miner capitulation since 2016 and possibly ever.
Hash Ribbons capitulation has captured the lowest Bitcoin hash rate reading of 2022 as miners bankrupt and default under the great pressure of squeezed margins globally☝️
#USDN deppeged from Dollar and now trades at 0.53$
The question is - why it has to be alright with new stablecoin, while they did not manage it with an old one🤔
eth/usd
It's simple here
Break above dashed resistance (black) will lead to even more upside📈
Cross below ascending support (blue) and we go more downside📉