Encouraging signals for Bitcoin: HODLers and miners reduce their sales
Despite the recent volatility in the price of Bitcoin (BTC), on-chain indicators suggest a positive trend. Long-term holders (HODLers) have significantly reduced their sales, demonstrating increased confidence in the market. Similarly, Bitcoin miners are resisting selling pressure despite a decrease in their profitability, preferring to hold onto their reserves in hopes of a future price increase. These behaviors, coupled with the ongoing purchases by Bitcoin Treasury Companies, outline a potential bullish inflection point for the asset.
BTCUSDT
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