From Cointelegraph
February 11, 2025 5:46 AM:

Bitcoin miners are accumulating more BTC than they are selling, suggesting confidence in future price increases. This trend could lead to a significant uptick in the value of Bitcoin in the long term.

Miners are currently holding onto more Bitcoin than they have in over three years, indicating a strong belief in the cryptocurrency’s future potential. This accumulation could be a bullish signal for the market as a whole.

The increase in Bitcoin miners’ holdings comes as the cryptocurrency experiences a surge in demand and adoption, leading to a tightening supply. This scarcity could potentially drive up the price of Bitcoin in the coming months.

Analysts believe that the behavior of Bitcoin miners is a key indicator of future price movements, as their actions often reflect their long-term outlook on the cryptocurrency market. The current accumulation trend suggests optimism among miners about the future value of Bitcoin.

Read more at Cointelegraph: New Bitcoin miner ‘capitulation’ hints at sub-$100K BTC price bottom