Update on Miner's recent status 👀
Miners are an important group in the market. With the $BTC Halving happening today, miners' rewards will be cut in half🔽
With Bitcoin: Miner Net Position Change, miners have tended to move BTC in their wallets since BTC hit $37.00. This trend is showing signs of decreasing since BTC peaked at $73,000.
Miners may have contributed to the selling pressure that caused BTC to correct in the previous days. The fact that they face a reduction in rewards from mining $BTC forces them to take profits to cover the costs of the system 🔽. However, the trend of moving $BTC out of miners' wallets is slowing down at this time.
BTC's support in the $60,000 area is quite large. Along with the signs of decline in supply, this is a sign of improvement for the price line in the near future
