Jan Wüstenfeld
Miner Bitcoin Reserves Back in Growth Mode
At the beginning of June a significant amount of BTC has been leaving miner wallets likely to be sold on the market (roughly 5k BTC). Following this drop in BTC reserves they have gone sideways until reaching a local low on June 30. Since then miner BTC reserves appear to be back in growth mode. Seeing that development is a positive development and a sign that miners are expecting Bitcoin to reach higher prices in the medium-term and the bull market not to be over yet.