Hash Rates Trump Difficulty in Identifying Miner Capitulation

A visualization of Bitcoin Hash Rate vs Difficulty.

This helps to show why Difficulty is a lagging indicator.

Difficulty is like a moving average that only updates once every 2 weeks.

Increased Difficulty is not necessarily good... Hash Rates are better for timing capitulation.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCcapitulationcryptoCryptocurrencydifficultyhashrateminercapitulationminers

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