🚨🔥 MINERS ACCUMULATE BITCOIN AT HISTORICAL HASHRATE HIGH, WHILE WHALES SELL: A SIGNAL OF NEW RALLY AHEAD 🔥🚨
Bitcoin: miners accumulate, whales sell, and hashrate reaches a historical high.
Bitcoin remains around $112,000-$113,000 while on-chain data confirms a crucial phenomenon in the market.
In the last 30 days, whales – large holders with over 10,000 BTC each – have sold approximately 147,000 BTC, for a total value of about $16.5 billion, concentrating liquidity in exchanges and generating downward pressure on the price.
In contrast, miners are making the opposite move: instead of selling, they are accumulating BTC.
Today they hold about 94% of the newly mined BTC and have repurchased around 18,000 BTC from the open market in recent weeks.
This behavior is anomalous, given that miners face high energy costs (high bills) and are often forced to liquidate to cover operating expenses.
Another important data point is the network hashrate, which has reached a historical high of over 1.079 EH/s. A high hashrate indicates growing computing power and security in the network, often a sign of long-term confidence from miners.
This reversal of roles, where miners forced to sell accumulate and the more astute whales sell, has historically anticipated bottom phases in the market with subsequent significant rallies. The growth of miner wallets and the increase in hashrate suggest an underground accumulation phase ahead of a new strong positive trend for Bitcoin.
Main sources: Glassnode, CryptoQuant, HashrateIndex.
