# MPI Related Articles

HTX News Center provides the latest articles and in-depth analysis on "MPI", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Miner Selling Hits Historic Lows As MPI Signals Structural Shift

Bitcoin has fallen below the $70,000 mark amid renewed selling pressure and weakening short-term momentum. However, on-chain data reveals a significant structural shift: the Miners’ Position Index (MPI) has dropped to -1.04, one of the lowest levels in history. This indicates miners are selling far fewer coins than their one-year average, effectively reducing a major source of market supply. While this is typically a bullish signal—suggesting accumulation or anticipation of higher prices—it does not guarantee a price bottom. Historically, extreme MPI lows occur during periods of miner stress or post-capitulation, but absolute price bottoms tend to form as MPI begins recovering, not at its lowest point. Reduced miner selling removes a headwind, but sustained upward movement requires increased demand from spot buyers, ETFs, or derivatives.

bitcoinist03/23 19:14

Bitcoin Miner Selling Hits Historic Lows As MPI Signals Structural Shift

bitcoinist03/23 19:14

Bitcoin Miner Activity Falls To Extreme Silence – Bullish Signal Or Not?

Bitcoin's bear market since October has market participants watching for signs of a bottom. Recent on-chain data suggests the downturn may be nearing its end, but with a key caveat. The Miners’ Position Index (MPI) recently fell to -1.04, one of the lowest levels in Bitcoin’s history, indicating significantly reduced selling activity from miners. While this is often seen as bullish, it doesn't necessarily signal a price bottom, as historical cyclical lows didn't perfectly align with extreme MPI readings but occurred during its recovery. Simultaneously, the Puell Multiple, which compares current miner earnings to their 365-day average, has been compressed between 0.56 and 0.98 since late January. Prolonged readings below 1 can force miners to sell, adding bearish pressure. Historically, such extended suppression has preceded price bottoms, like in late 2018 before Bitcoin bottomed near $3,200. Neither metric pinpoints the exact floor but indicates its proximity, suggesting investors should be cautious of a final dip. Bitcoin was trading around $68,686 at press time, down over 2.6% in 24 hours.

bitcoinist03/22 13:02

Bitcoin Miner Activity Falls To Extreme Silence – Bullish Signal Or Not?

bitcoinist03/22 13:02

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