Bitfinex Report: As 2024 Halving Approaches, Bitcoin Miners Enter an Accumulation Phase

08/15 13:40

Analysis of on-chain data by cryptocurrency exchange Bitfinex shows that Bitcoin (BTC) miners have entered an accumulation phase in preparation for the upcoming halving event in April 2024. The latest version of the BitfinexAlpha report shows that the miner reserve indicator has shown a significant accumulation trend since May 27, 2023, and has increased since Bitcoin's recent drop from the $30,000 price level.

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