The movement of the crypto market is often influenced by the activity of Bitcoin miners' wallets. In recent months, large sales by miners caused the price of BTC to drop sharply, from $60,000 to $55,000 in late August to early September.
However, in October, miners began to reduce sales and even accumulate BTC, which reduced selling pressure and pushed the price back to $63,000. This activity is an important indicator for analysts and investors.
Although the crypto market is still volatile, the accumulation of BTC by miners gives hope for a price recovery.