Bitcoin: Miners Stop Selling, Indicating Potential Market Recovery
Good news? Bitcoin miners have stopped selling their bitcoins, which may signify the end of a long distribution period. Over the past month, miners' wallet balances have increased by about 2700 BTC, and Hash Ribbons data suggests that conditions remain favorable for miners, and thus for BTC price strength.
Bitcoin miners have stopped selling their BTC, indicating the end of a long distribution period.
Hash Ribbons data has shown positive signals for BTC price, with increased accumulation by miners