Bitcoin miners are slowing down their dumping pace. With prices rising and production costs skyrocketing, they are choosing to hold onto their BTC instead of selling at unprofitable margins. Meanwhile, retail investors are also returning, adding new buying pressure. Bitcoin is now approaching a key resistance zone - if it breaks through $105,800, it may re-test the historical ATH near $109,000.

BTC-0.39%
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MirrorMysteryvip
· 05-15 06:34
Miners switch to accumulation mode – this is a bullish signal. Data from Glassnode indicates a clear behavioral shift: Bitcoin miners have increased their reserves for the first time since the end of 2023. Between April 12 and May 13, their holdings increased by 2,708 BTC, reaching 1,797,330 BTC. This shift occurred just as Bitcoin rebounded from a local low of below $75,000.
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