Bullish signal - Bitcoin miners have begun a new accumulation phase. These are the conclusions drawn by leading BRN analyst Valentin Fournier. This is confirmed by#CryproQuantdata.
In an interview with #TheBlock, Fournier said that in addition to accumulating mining rewards, mining companies appear to be buying BTC directly from the market to increase their reserves:
“They launched the Hash Ribbon signal, a long-term bullish indicator indicating the end of miner capitulation and an increase in the computing power used to mine Bitcoin.”
One such miner involved in large-scale BTC purchases is #MARA, recently renamed from Marathon Digital, which announced the purchase of $100 million worth of additional BTC on Thursday.
