HomeUncategorizedNew BTC miner capitulation? 5 things to know in Bitcoin this week By Cointelegraph

New BTC miner capitulation? 5 things to know in Bitcoin this week By Cointelegraph

November 28, 2022

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New BTC miner capitulation? 5 things to know in Bitcoin this week

(BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week?

In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitcoin is far from out of the woods after losing over 20% this month.

Bitcoin Hash Ribbons chart. Source: LookIntoBitcoin
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
1-week candle chart (Bitstamp). Source: TradingView
BTC/USD monthly returns chart (screenshot). Source: Coinglass
BTC/USD annotated chart. Source: Crypto Tony/ Twitter
BTC/USD annotated chart. Source: Crypto Tony/ Twitter
Bitcoin shrimp net position change chart. Source: Glassnode/ Twitter
Bitcoin “crab” net position change chart. Source: Glassnode/ Twitter
Bitcoin Max Pain annotated chart. Source: Willy Woo/ Twitter
Bitcoin MVRV annotated chart. Source: Willy Woo/ Twitter
1-day candle chart. Source: TradingView
BTC/WTI annotated chart. Source: TechDev/ Twitter