The increase in the miner position index (MPI), above 2.7 points, reveals greater activity from Bitcoin miners, who are transferring a significant volume of bitcoin to exchanges compared to their annual average.
This movement suggests that miners may be liquidating some of their reserves, introducing selling pressure that could impact the price of the currency in the short term. Despite this signal, the current MPI remains considerably below the extreme levels that have historically marked the end of bullish cycles in the Bitcoin market.
