Indicator Overview

The Mining Revenue Oscillator measures Bitcoin miners’ daily USD revenue relative to its user-selected moving average (15-100 days), expressed as a ratio (revenue ÷ MA). The result is smoothed over a secondary period (7-30 days) and displayed as a gradient line or column chart). Bitcoin price is overlaid on a secondary logarithmic axis in white, with optional MA overlays on the oscillator itself for additional filtering.

How To Use

Values significantly above 1.0 (white zone) signal extreme miner profitability and historically coincide with cycle tops, parabolic price advances, and heavy selling pressure as miners cash out at peak rates. These are ideal zones for caution, profit-taking, or hedging. Values well below 1.0 (deep green) reveal revenue drought and typically mark capitulation phases, post-halving adjustment, or the deepest bear market troughs, creating some of the strongest accumulation windows in Bitcoin’s history.

Divergences are critical: price rallying while the oscillator weakens (fading toward green) warns of distribution and impending reversals, while price weakness with a rising oscillator (moving toward white) suggests resilient miner income and high-probability rebounds. Traders use sharp spikes into white as sell signals, plunges into deep green as generational buy signals, and the 1.0 baseline as the primary regime divider, making the Mining Revenue Oscillator one of the most direct and powerful tools for tracking supply-side pressure and identifying major cycle turning points in Bitcoin markets.