Miner State
Onchain· DE: Miner-State
The economic and security state of Bitcoin miners: hash-rate momentum, difficulty adjustment and the hash-ribbon (30d vs 60d hash-rate MA). Expansion = rising hash rate and difficulty (growing security/competition); capitulation = both falling. Descriptive, not a signal.
Calculation
verdict from brk_hash_rate 30d change & brk_difficulty_adjustment: both up (≥2%/≥0) expansion, both down capitulation, else stable. hash_ribbon = ma30/ma60 of hash rate.
Unit & source
enum + pct · tradingstrategies.work On-Chain Miner-State methodology
Values: expansion, stable, capitulation
Related terms
Knowledge objects measuring this
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.