Bitcoin miners have begun to accumulate BTC after almost half a year of dumping it, according to the recent analytics data.
As per data from Glassnode, the long-term holder net position change indicator has turned green for the first time in over five months.
A chart provided by Glassnode analytics aggregator says that the long-term holder net position change indicator has turned green for the first time in almost half a year.
BTC miners are now storing the Bitcoin they are minting rather than selling it. However, according to the chart, several upticks in the value of this indicator have already been seen earlier this year: in February and March.