An alarming development is taking place in the cryptocurrency world: Bitcoin miners' reserves have fallen to the lowest level since April 2021. 📉 This situation coincides with the decline of active addresses on the network, along with the sales of short-term investors, which brought the value of Bitcoin below $ 63,000. According to CryptoQuant analysis, there is a significant decrease in miners' reserves, indicating an increasing selling pressure on the crypto asset.

Additionally, the failure of active addresses to keep up with rising Bitcoin prices this month is considered a "worrying trend". The crypto analysis platform has observed an increase in profit taking among short-term holders of Bitcoin. This marks a critical turning point for the price's course. 😟

Prices surged to over $74,000 in 2024 as retail investors showed significant interest in Bitcoin ETFs. But the subsequent decline led to weekly losses of more than 15 percent and the liquidation of hundreds of millions of dollars. Still, the influx of retail investors in the coming period, combined with Bitcoin's halving event, could trigger a larger rally.

93 percent of Bitcoin has already been mined and the leading cryptocurrency is preparing for its fourth halving event, which is expected to take place in a month.