BRN analyst: Miners appear to be buying BTC from the market to increase reserves and enter a new accumulation phase

Odaily News Valentin Fournier, chief analyst at BRN, said that Bitcoin miners appear to be buying Bitcoin directly from the market to increase their reserves. These miners may have started a new accumulation phase. These moves have triggered the Hash Ribbon signal, a long-term bullish indicator that highlights the end of miner capitulation. (TheBlock)