Data from Arcane shows that “public” Bitcoin miners sold 100% of their BTC production in May (Sold Out) compared to the usual 20-40% previously.
Nope, I sold only 10% of my mined coins in May.
BITCOIN HASH RIBBON, one of the signals to determine when to buy. SMA30 (green line) falling below SMA60 (Blue line) indicates that some miners have closed down and stopped mining.
Again nope, SMA30, SMA60, SMA69, DAP69, none of them don't show anything meaningful about mining.
The only indicator you have is the hashrate and the difficulty:
https://www.bitrawr.com/difficulty-estimator
The last adjustment was -2.3548%, current estimation is between -2.3096% and -1.2486%, the swings are on the same levels as March.
The sharp drop in Hash Rate shows that bitcoin mining is currently unprofitable.
Triple nope!
Bitcoin mining is not some unilateral production where the cost is the same for everyone and you have offer and demand.
The moment somebody drops out of mining the revenue of the others is growing, without further costs, mining will never be unprofitable for everyone!
Even at 10k or 5k, there will still be miners making a profit even at those levels.