Bitcoin miners are retaining their BTC reserves instead of selling, maintaining a stable supply which can result in price increases. Currently, the correlation between Bitcoin prices and mining stocks has diminished, potentially indicating upcoming volatility.
Iris Energy has seen its market cap rise significantly amidst stagnant Bitcoin prices, reflecting strong institutional interest. With total miner reserves reaching approximately 1.8 million BTC, valued at around 195.5 billion USD, miners’ holding behavior suggests they are pivotal in determining future Bitcoin price movements.
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