Key points:
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Bitcoin mountain people have stopped selling their BTC in what signals the top of a lengthy distribution series.
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Last month, the Bergmann letter pocket balance sheets rose by around 2,700 BTC.
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The data of the hash bands show good times which might be continued for miners and the BTC price strength.
The accumulation of Bitcoin (BTC) by miners is back since the network participants exchange sales for Hodling with 75,000 US dollars.
Data from the Onchain Analytics company Glassnode show that miners are actually actively contributing to their BTC reserves.
Bitcoin mountain people sell months
In April, Bitcoin met a change within the miner with several lows, whereby a lengthy sales streak handled a major accumulation.
Glassnode shows that shortly in response to BTC/USD floor, just under 75,000 US dollars found a floor within the Bergmanns money exchanges, only to then rise with the value.
Miner Wallets held 1,794,622 BTC on April 12, while on May 13, 1,797,330 BTC – a rise of two,708 BTC or 0.15%.
BTC equilibrium in Bergmann money exchanges. Source: Glasnode
With regard to your complete minimal stocks, the rotation is striking since it is a sales game that originally gained dynamics at the top of 2023. This in turn led to optimism through the BTC price trajectory.
“Extremely optimistic for Bitcoin!” The popular dealer and investor Mister Crypto was summarized partly of a response to X, with similar data from Onchain Analytics Platform Cryptoquant.
Miners now not sold.
Extremely optimistic for Bitcoin! pic.twitter.com/blucm5gmgl
– Mister Crypto (@Misterrcrypto) May 14, 2025
Previously, CoinTelegraph reported on the decreasing pressure of Bergmann sales pages, which contributes to the value trend, whereby institutional purchase quantities put the quantity of mined BTC within the shade per day.
📊Market update: #Bitcoin miner The sales pressure has been lowest since 2024.
A low value implies that miners keep their coins and the BTC offer of $ BTC don’t increase on the present market, which is positive for the value.
(h/t: @alphractal) pic.twitter.com/m6imz7jret
– Cointelegraph Markets & Research (@coinelegmt) May 10, 2025
Hash bands deliver a classic BTC bull signal
In the meantime, a classic metric cover -min -Miner -Miner -Miner has shown the classic performance since its latest “purchase” signal.
Hash bands created by quantitative Bitcoin and Digital Asset Fund Capriole investments use two moving average values of Hashrates to distinguish periods of “give up” amongst miners.
Since BTC/USD offers its last market entry price at the top of March, it has increased around 20%.
“The Hash bands still flash a buying signal here,” commented Mister Crypto in a contribution to the phenomenon of this week and pretended to “get the BTC Prize much higher in May”.
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the chance, and readers should perform their very own research results in the event that they make a choice.
