Miner Indicator Triggers Bitcoin Buy Signal Amid Macro Volatility
A new Bitcoin buy signal has emerged from institutional analysis firm 10X Research, tied to the operational behavior of miners. This specific metric has triggered only ten times throughout its history, with data compiled by the research firm revealing that in 80% of previous occurrences, the setup led to significant spot market advances.
The median across all ten past signals reached a 58.6% return, while the historical average stood at a 41% cumulative return. However, there were two failed signals where the market experienced drawdowns of 24% and 40%, respectively.
The indicator's activation arrives amid elevated market volatility driven by the global macroeconomic calendar, with investment banks such as Goldman Sachs and JPMorgan projecting a 25-basis-point rate hike from the U.S. Federal Reserve. Market pricing assigned an 87% probability to an interest rate hike on September 14, 2026.