$BTC Miner Activity Spike – What It Means Now 🚨
The Miners’ Position Index (MPI) just spiked HARD to 2.7 — and that’s a key level to watch. 👀
Historically, when MPI goes above 2, it means miners are sending more BTC to exchanges than usual — likely prepping to sell. Short-term? That can bring some sell pressure.
Zooming out though — the last few times we hit similar MPI highs (check the chart), price either consolidated or dipped short-term… then pushed to new highs. 🟡→🟢
We’re currently sitting near $117K ATH, and this miner action looks more like a cooldown signal, not a trend breaker. Every dip so far has been a reload zone for bulls.
TLDR:
• MPI spike = miners likely offloading
• Some short-term correction possible
• Mid to long term outlook still strong #Bitcoin
Stay sharp. Don’t let short-term noise shake you out.
