Bitcoin miners show restraint as the eyes of the new highlands

Bitcoin again tests its fresh level after its rise to $ 104,000, which leads to optimism optimism through the encryption space.

Although the price movement was volatile, it seems that the main players’ group quietly indicates the upscale feelings: miners.

Recently on the series Data It indicates that mining workers in Bitcoin have returned to their activity for sale, and instead they chose to keep the mass rewards in the assembly. This strategic stop, which is noticed by the Alphractor Analysis platform, indicates the increasing confidence that Bull Run may have more space for operation.

The Mineeer pressure index from Alphractal – which tracks the percentage of BTC external flows to mines – is currently at its lowest level since 2024. Historically, the sale of the high minarer added descending pressure in the market, while the accumulation periods coincided with stronger performance in prices.

The company’s latest scheme shows that the pressure scale drops to less than its lower threshold, indicating a wider decline in miners than achieving profits. This change comes after the fourth half of the network last year, which greatly reduced the rewards and made the sale less profitable immediately.

Although the impact of mines on Bitcoin’s price has decreased in recent years, continuous low sales pressure is often a positive Macro signal – which reflects expectations for more bullish direction. However, Alphractor warns that the reflection may happen if the prices extend very quickly.

BTC price snapshot
At the time of this report, Bitcoin is traded at about $ 104,250, and is comfortably grabbed with a six -numbers numbers mark and elasticity appears after a brief slowdown on the weekend. With optimistic feelings and the miners appear to be in line, it seems that the momentum prefers another batch towards an unknown area.