CryptoQuant: Miners are cutting back on distributions and may start accumulating BTC. Bitcoin needs to hold above 112,000 USD to target new peaks

On September 15th, CryptoQuant analyst ShayanMarkets noted a drop in the 30-day moving average of BTC miners’ transfers to exchanges, suggesting a shift towards accumulation. This trend aligns with Bitcoin’s rise above 115,000 USD, supporting a positive market outlook as long as it stays above 112,000 USD.