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

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PANews September 15 news, according to CryptoQuant analyst ShayanMarkets' observation, the 30-day moving average of Bitcoin miners transferring tokens to exchanges has recently dropped to a short-term low, indicating that miners are reducing distribution and may begin accumulating BTC. This trend aligns with the recent rise in Bitcoin price breaking through $115,000, reinforcing the bullish market sentiment among miners. Analysis indicates that the combination of changes in technical structure 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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KingOfGTvip
· 7h ago
As soon as it falls, they start to be bullish.
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