Crypto Express

07/16 01:21

BTC Selling pressure eases

BTC Selling pressure eases, as miners anticipate further upside

While short-term holders moved quickly to take profits, miners appear to be taking a different view. There’s been a notable decline in miner-to-exchange flows, with recent volumes retreating from last week’s brief spike.

The Miners’ Position Index has also dropped back into neutral-to-negative territory, so miners are not under immediate financial pressure to sell. This restraint points to confidence in Bitcoin’s continued upside.

Given their historical accuracy in timing exits, miners’ hesitation to offload coins may be a key signal that the current bull phase still has room to run.

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