I think that something is cooking as miners continue to accumulate large amounts of Bitcoin. With the institutions and investment funds expansion, users started to realize what precious crypto assets they have and they don't rush into parting with them. Miners Net Position Change indicator has recently shown a major Increase, according to data from Glassnode chart shared by the CIO of Moskovski Capital. This is a major indication that Bitcoin miners are storing minted Bitcoin into long-term cold storage rather than sell it. Miners are not willing to sell. Number one cryptocurrency by marketcap continues to blossom after dips and I believe that with the current HODL that will only improve. #Club1Bch
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I mean they were selling when it was super cheap and they are now holding when its high, I don't give a shit about what miners do tbh.
They can influence the market although...