Bitcoin Miner Health Indicator Flashed: Last 3 Times, It Was Wrong

2 weeks ago 14

Rommie Analytics

Key Takeaways

  • BTC price: $76,352, below 50MA, 100MA, 200MA.
  • RSI(14): 34.45 on faster signal, in oversold territory.
  • Binance net taker volume: -$828M, deepest since late March.
  • Taker buy/sell ratio: 0.899, matching March 29 exhaustion level.
  • Miner stress indicator: buy signal active as 30d hashrate MA crossed above 60.
  • Daily block reward revenue: $33.6M, down from $100M+ at 2024 peak.
  • Three prior false signals: 2026 US ice storm, June 2022, China ban 2021.
  • Open interest: elevated at $1.1B to $1.2B during the taker volume selloff.

According to CryptoQuant report, the same indicator misfired on the 2026 US ice storm, the June 2022 sell-off, and the 2021 China mining ban. Binan...

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