Bitcoin Miners Show Confidence: Accumulation Surge Signals Price Potential

Recent data from Glassnode reveals a significant shift in Bitcoin miner behavior – they’ve gone from selling their newly mined Bitcoin to accumulating it, adding around 2,700 BTC in the past month. This accumulation coincides with Bitcoin reaching key support at $75,000 and seeing a price surge of over 20%, indicating increased confidence among miners regarding the long-term future of Bitcoin.