Analyzing Bitcoin’s miner reserves, HODLing trends, and market confidence – BitRss

• Bitcoin’s miner activity demonstrated a surge in unrealized profits, indicating bullish optimism
• A few key bullish signals could help dictate how BTC does on the price charts 

Miner activity is an essential part of the Bitcoin ecosystem and as such, changes in its dynamics may offer critical market insights. Bitcoin miner data collected over the last few months may provide a rough idea of the prevailing sentiment and level of confidence.

In fact, a recent miner analysis on CryptoQuant revealed that Bitcoin miner flows into exchanges have dipped considerably since April 2024. This observation suggested that miners have been holding on to more BTC in the hopes of selling it at higher prices.<…>