Bitcoin miners have stopped selling their BTC, which potentially marks the end of a lengthy distribution trend. The increase in miner wallet balances by approximately 2,700 BTC reflects growing confidence among miners about Bitcoin’s future price.
The Hash Ribbons indicator has provided a bullish signal, correlating with Bitcoin’s recent price rise to about 103,651 USD. As miners shift from selling to holding, this behavior is anticipated to contribute positively to Bitcoin’s price trajectory.
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