Be careful with Miner's movement

Be-careful-with-Miners-movement

A large amount of 14K BTC was transferred from miners yesterday (red line). At the same time, Miner reserve (blue line) also reduced a huge.

Today, the MPI has jumped to 7.45 (orange line). Unlike Miner outflows, Miners' Position Index (MPI) takes the average behavior of miners into account by using a 365-day moving average. 

Also, MPI explains the relative miner's liquidation behavior compared to the historical average, assuming that most of the outflows from miners are heading to exchanges for selling. 

Also, assuming that miners are good at selling their positions at the right time as professional traders, MPI is a good indicator for timing exit points (selling) by duplicating their behaviors.

At this point, we can not be sure that this distribution is positive or negative, so we should be careful to watch out for the next few days.