venturefounder
Bitcoin miners' inventory balance is now at 6-month high, net accumulation trend contines.
BTC miners are still very bullish about Bitcoin, the miner inventory balance, a gauge for "smart money" is now at a 6-month high. Miners own more BTC than when BTC was at $69k, in fact, they added back all the BTC they net distributed since the drop from $69k. Ever since July 1, 2021, #Bitcoin miners had been net accumulating BTC inventory. Aside from some light net distribution from time to time, this accumulation trend never changed.