Miners are quietly stacking again.
Bitcoin miner wallets held 1,194,100 $BTC on Oct 31, up 1,797 BTC on the week, the biggest weekly build in six weeks (COINOTAG).
That's happening while $BTC sits near $77,800 after a roughly 7% October drop and the Fear & Greed Index reads in the 30s.
My take: miners holding instead of selling can ease supply pressure, but it isn't a price signal on its own. Not financial advice.
Do you read miner accumulation as a bullish tell, or just noise in a fearful market?
#Bitcoin #BTC #Mining #CryptoMarket
Bitcoin miner wallets held 1,194,100 $BTC on Oct 31, up 1,797 BTC on the week, the biggest weekly build in six weeks (COINOTAG).
That's happening while $BTC sits near $77,800 after a roughly 7% October drop and the Fear & Greed Index reads in the 30s.
My take: miners holding instead of selling can ease supply pressure, but it isn't a price signal on its own. Not financial advice.
Do you read miner accumulation as a bullish tell, or just noise in a fearful market?
#Bitcoin #BTC #Mining #CryptoMarket