Miners Accumulating $BTC Amid Confirmed Uptrend

As Bitcoin prices gradually rise, an interesting trend emerges: miners are showing reluctance to sell their holdings.

Aggressive Accumulation:

Throughout July, data from IntoTheBlock indicates that miners have been actively accumulating BTC. Notably, major mining farms like Mara Digital and Riot Blockchain have acquired over 4,500 BTC in the past three weeks.Positive sentiment surrounding BTC’s price prospects has spilled over into these mining companies’ stock prices. Recently, both MARA and RIOT stocks surged by more than 30%, as investors express confidence in their continued expansion.

Large Entities Joining In:

Simultaneously, entities holding at least 1,000 BTC are also rapidly accumulating. As of July 19, the BTC holdings of this group reached a two-year high.

This trend suggests growing confidence in Bitcoin’s upward trajectory. Miners and large holders appear optimistic about the future, reinforcing the bullish sentiment in the market. 😊