Bitcoin-Miner turn the course and switch from sale to strategic accumulation

Bitcoin miner seem to replenish their reserves after they have repelled their stocks over a longer period of time.

On-Chain-Data Now indicate a significant change in behavior: Instead of realizing their profits, miners start to hoarded Sats.

According to analyzes from Glassnode, this trend emerged under the $ 75,000 mark in April after the Bitcoin course had slumped. This decline not only marked a local low point for the BTC prices, but also a turning point for the miner wallets, which have shrunk steadily since the end of 2023.

Between April 12 and May 13, the total amount of BTC, which was held by miner addresses, rose from around 1,794 million to over 1,797 million-an increase of around 2,700 BTC.

Although only slightly from a percentage, the change of direction is significant and signals a growing trust of the miners into the long -term potential of the assets.

This accumulation phase follows for months of ongoing sales pressure, which many had held responsible for stagnation of upward dynamics. The reversal has inspired the optimistic mood in the entire market, especially in connection with the increasing demand of institutional investors.

The dealers have taken note of this. Some, such as Mister Crypto on X, see accumulation by miners as a strong positive signal for the development of Bitcoin, especially since the daily tributaries of institutional investors continue to exceed the amount of new BTC.