Bitcoin‘s Taking a Nose Dive, but Market Gurus Are Still Saying ‘Buy, Buy, Buy!’ šøš„
So, your favorite digital goldāa.k.a. Bitcoināis down nearly 7% from its all-time high. And somehow, everyone is acting like this is the perfect buying opportunity. Because, you know, panic selling is just part of the fun. š
Darkfost, aka the mysterious market wizard of CryptoQuant, is waving his crystal ball and saying that the Bitcoin Hash Ribbonsāyes, that thing that tracks how much mining chaos is happeningāare flashing a ābuy the dipā sign. Because what better time to buy a coin thatās throwing a hissy fit? šÆ
Should You Jump In?
The Hash Ribbon is like that friend who tells you when people are freaking out and selling their snacksāer, Bitcoināby looking at how many miners are shutting down and selling off their coins because, surprise, Bitcoin is acting like a moody teenager. Miner stress levels are a thing, and they tell us when the good deals are happening. š§
When miners throw up their hands and sell, that’s actually a sign theyāre close to the next bullish wave. Basically, the more miners sell now, the more it might pay off laterālike buying concert tickets before they sell out. Recently, the Bitcoin hashrate hit a new high of over 1 billion TH/S, proving that some people are still powering through the chaos. The network also got way tougher, passing 126 trillion in mining difficulty. Yawn. š
This is what Darkfost said: āWeāve got a new buy signal ā kind of like the signals from that one overly optimistic friend who always says the marketās about to turn. The hashrateās at new highs, so thatās… interesting.ā
Miners Are Selling… But Should You?
Now, hereās the twist: when miners sell, itās considered bad for the long-term HODLers. But, funny enough, this actually creates some short-term profits for brave (or reckless) investors. Think of it like a clearance saleāexcept the clearance items are highly volatile digital coins. š„
Darkfost basically said, āIf this pattern holds true, then buy the dip nowāitās a pretty safe bet, unlike that time in 2021 when China shut down all the mines.ā So, yeah, probably a good time to jump in, or so they say. š
Oh, and did you hear about that solo miner who out-mined the giants and scored a reward worth over $330,000? Yep, just one tiny hero proving that sometimes, the underdog gets the Bitcoin and the glory. š¦øāāļø
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2025-06-05 19:53