Bitcoin Miners Hold Steady: Market Stability Signals Potential for Price Growth

Bitcoin miners, who play a key role in the network, are holding onto their BTC instead of selling large amounts, which could influence Bitcoin's price. Following the 2024 halving, miners will earn 450 BTC daily. Despite having unrealized profits close to 40% (with an average base cost of $43,179), CryptoQuant's analysis shows no signs of significant selling.

Instead, miners appear to be holding or selling slowly. While Binance traders could pose a potential risk, they are currently buying, along with new whales, while older whales continue to hold. This dynamic points to market stability and possible price growth.