Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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BRN analyst: Miners appear to be buying BTC from the market to increase reserves and enter a new accumulation phase
2024-07-29 11:44:03
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)