Bitcoin miners halt sales as BTC gains 20% since hash ribbon 'buy' signal

Blockchain

Bitcoin miners may be in the midst of reversing a lengthy selling trend which has become all the more intense since late 2023, the latest data shows.

Key points:

Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak.

Over the past month, miner wallet balances have increased by around 2,700 BTC.

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