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Bitcoin Miners’ Position Index Hits Historic Low: Strength Signal or Early Warning Sign?

TLDR: Bitcoin Miners’ Position Index has dropped to -1.04, marking one of the lowest readings in its recorded history. Extreme low MPI reflects minimal miner selling pressure, suggesting miners may be holding rewards in anticipation of higher prices. Historically, Bitcoin price recoveries emerged as MPI rose from depressed levels, not at the moment it hit [...]

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Source: Blockonomi →