Miners are quietly stacking while price chops.
Bitcoin miner holdings rose by 1,797 BTC this week, the biggest weekly build in six weeks (COINOTAG). That's happening with $BTC down about 7.3% in October and still hovering near $77,700.
Miners usually sell to cover costs, so a build during weakness is worth watching. It's one data point, not a signal, but it contrasts with the ETF outflows we saw on Oct 30.
Do you read miner accumulation as confidence, or just a short-term pause in selling? Not financial advice.
#Bitcoin #Miners #BTC #OnChain
Bitcoin miner holdings rose by 1,797 BTC this week, the biggest weekly build in six weeks (COINOTAG). That's happening with $BTC down about 7.3% in October and still hovering near $77,700.
Miners usually sell to cover costs, so a build during weakness is worth watching. It's one data point, not a signal, but it contrasts with the ETF outflows we saw on Oct 30.
Do you read miner accumulation as confidence, or just a short-term pause in selling? Not financial advice.
#Bitcoin #Miners #BTC #OnChain