@hrone71
Bitcoin is undergoing a correction phase after reaching its ATH of $111,970, with upward momentum temporarily stalled. However, miners remain confident in its long-term growth.
This is reflected in their behavior: miner reserves increased by 1,556 BTC over the past week, reaching 1.8 million coins - indicating they are holding onto mined BTC rather than selling. Additionally, the flow of bitcoins from miners to exchanges has decreased, with the 14-day MA (moving average) dropping by 14% over the past week. This reduced selling pressure could help stabilize or support the price.
Prices by CoinMarketCap
Info from CryptoRank
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