In previous cycles, this pattern has consistently pointed to rising prices. When miners choose to hold rather than sell, it indicates optimism and the potential for higher prices.
Historically, when MPI has remained low and then started to recover, the price of #bitcoin has often risen significantly. Currently, MPI remains low, suggesting that miners are content to hold their positions.
In each cycle, miners typically sell bitcoin and may pause some operations to cover their costs, especially as the halving phase approaches.
However, when the bitcoin price stalls, miners often begin to accumulate and hold positions rather than sell. When the last bullish phase arrives, they gradually bring bitcoin back into the market in preparation for the next cycle. nnIn addition to miners holding onto #BTC , the reward per block is steadily increasing, indicating increased trading activity on the network. As block rewards are increasing, this data indicates a positive attitude among miners and a possible increase in interest in the market.
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