Bitcoin miners are showing strong confidence in BTC’s uptrend despite the price hitting an all-time high. Typically, when the price approaches a peak, miners will send BTC to exchanges to sell to cover operating costs. However, currently, the flow of BTC from miners to exchanges remains low.

Data analysis on October 29 shows a significant inflow of BTC to exchanges, but no equivalent outflow. This indicates that miners prefer to hold their BTC, indicating optimism about the potential for further price increases. While the overall market is showing uncertainty, the outlook for BTC remains positive.