The Miner's Position Index (MPI) has recently reached its highest level since January 2021, signifying a substantial surge in selling pressure from the Bitcoin miner community. Although the influence of miners has diminished over time, the recent surge remains noteworthy due to its substantial magnitude.
The Miners' Position Index (MPI) is the ratio of total miner outflow to its one-year moving average. Higher value shows that miners are sending more coins than usual which indicates possible selling. If miners send some proportion of their reserve at the same time, it could trigger a price drop.
Written by Phi Deltalytics
