CryptoQuant: Miners are reducing distribution and may begin to accumulate BTC. Bitcoin needs to stay above $112,000 to challenge new highs

PANews reported on September 15th that CryptoQuant analyst ShayanMarkets observed that the 30-day moving average of Bitcoin miners transferring tokens to exchanges has recently fallen to a short-term low, indicating that miners are reducing distributions and may begin accumulating BTC. This trend coincides with Bitcoin's recent rise above $115,000, reinforcing bullish market sentiment among miners.

The analysis points out that the combination of technical structural changes and miner accumulation provides a positive market outlook for Bitcoin. As long as the price remains above $112,000, Bitcoin is expected to maintain momentum and challenge historical highs again.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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