How can Bitcoin miners lead the highest new level ever for BTC star-news.press/wp
Bitcoin price has increased steadily, as it has risen about 4 % over the past seven days. This trend reflects the improvement of market morale and increased optimism among investors.
With the construction of momentum, the main indicators of the series indicate that there is a continuous gathering in the upcoming trading sessions.
Bitcoin miners workers carry tight
Miners resumed the workers of the giant’s accumulation, as the mining workers reserve in the currency reached the highest weekly level of 1.8 million BTC.
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The Bitcoin Workers Reserve tracks the number of metal currencies held in the governor of miners. It represents miners that mines have not been sold. When this refuses, miners transport metal currencies from their wallets, and are usually sold, confirming the increasing homogeneous feelings against BTC.
They turn, when climbing, miners stick to more mineral currencies, which usually reflects confidence in future prices and upscale expectations.
Moreover, the decrease in the flow of a mine mining in BTC is highlighting the accumulation between mines on the network over the past seven days.
According to Cryptoquant, this scale, which measures the total amount of metal currencies sent from the miners to exchanges, decreased by 10 % during that period.
When a BTC mining mine flow falls, miners hinder the sale and maintain their coins. This reduces sales pressure signals, increasing confidence in the BTC price and can help enhance their gathering.
Moreover, last week, the weekly flows to bitcoin funds turned into a positive, reflecting the negative external flows recorded in the previous week. For all Sosovalue, between 4 and 8 August, the total capital to these funds reached $ 247 million.
Renew the transformation signals of these benefits to buy institutions and change the market bias towards BTC. Founding investors are still confident that the currency will extend its gains and increase its direct exposure through the traded investment funds.
Can BTC pay $ 118,851 to $ 120,000?
This combination of renewable institutional demand and mining confidence enhances the BTC return issue in the short term to more than $ 120,000. However, in order for this to happen, the king’s currency must first be broken over the resistance at 118,851 dollars.
On the other hand, if accumulated stalls, the currency can resume its decline and fall about $ 115,892.
The post appeared how mine workers in Bitcoin can lead the highest new level ever in BTC first appeared on Beincrypto.
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2025-08-10 11:00:00
