1/5 Miners back accumulate from the correction to the support at $30,000, there were miners selling during the correction, but only to supplement cash as there was the ban in China and then they had to relocate to a different location.
Thread👇👇
Thread👇👇
I recently posted the pattern identified in the MPI, which shows when miners sell.
2/5 The Reserves show the time when they offered to sell, around $25,000 to $30,000 right at the beginning of the year.👇
2/5 The Reserves show the time when they offered to sell, around $25,000 to $30,000 right at the beginning of the year.👇
https://twitter.com/gaah_im/status/1430318030001737731?s=20
It was a big, massive sell off, returning the Reserves to December 2019 levels.
3/5 Compared to the recent sell-off one can conclude that the miners tend to continue accumulation as the MPI is also in the yellow phase.👇
3/5 Compared to the recent sell-off one can conclude that the miners tend to continue accumulation as the MPI is also in the yellow phase.👇
They are waiting for a higher price to again go in with bigger selling, in the mean time they are holders like us.
4/5 #BTC outflows from the miners' wallets is relatively low, with some spikes in volumes may be small miners capitulating.
4/5 #BTC outflows from the miners' wallets is relatively low, with some spikes in volumes may be small miners capitulating.
5/5 The MPI indicates this, as miners sell strongly, we can expect a top in prices next, this also means that this moment is not top and we go beyond the last historical top, at least that is what miners expect!
-Don't forget to follow me for more analysis🤜🤛
-Don't forget to follow me for more analysis🤜🤛
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