Bitcoin Miners Stop Selling Aggressively: Why This Could Be Big for BTC
🚀 **Revenue Surge**: Bitcoin miners' revenues have soared by 78% since July, indicating improved profitability and a significant reduction in selling pressure.
📉 **Miners' Outflows Decline**: No extreme miner outflows have occurred since August 21, with older miners selling 70% fewer units compared to earlier this year, stabilizing their holdings around 590,000 BTC.
🔄 **Market Dynamics Shift**: While miners are no longer aggressively selling, they have yet to start accumulating BTC again, suggesting a potential shift in market dynamics that could favor long-term holding.
🚀 **Revenue Surge**: Bitcoin miners' revenues have soared by 78% since July, indicating improved profitability and a significant reduction in selling pressure.
📉 **Miners' Outflows Decline**: No extreme miner outflows have occurred since August 21, with older miners selling 70% fewer units compared to earlier this year, stabilizing their holdings around 590,000 BTC.
🔄 **Market Dynamics Shift**: While miners are no longer aggressively selling, they have yet to start accumulating BTC again, suggesting a potential shift in market dynamics that could favor long-term holding.