Bitcoin miners have been selling relatively aggressively.
Combined with the hash rate decline and thus today's hash ribbon bearish cross, this indicates we are indeed in a period of miner capitulation.
#Bitcoin hash rate is starting to turn over here. Hash rate 7d moving average is now 13.7% off all time highs; mining difficulty is projected to adjust -9% a week from now.
Early stages of another miner capitulation by the looks of it.
$BTC CME GAPS
One of the oldest gaps left after December 2020 pump was closed on September 7th. So now we have two gaps above and one below left since July 2020.
Gaps above with fill price at 28860 and 35775
Gaps below with fill price at 9665