bullish

Bitcoin

Strong

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-identifies-new-stage-in-bitcoin-miners-accumulation-strategy/" data-wpel-link="internal">Analyst Identifies New Stage in Bitcoin Miners’ Accumulation Strategy</a><br></p>
<p style="text-align: justify"><strong>In the</strong> world of cryptocurrency, a notable development has occurred recently. BRN’s chief analyst, Valentin Fournier, identified a new stage in <a href="https://en.coin-turk.com/significant-bitcoin-transfer-from-antpool-to-binance-raises-questions/" data-wpel-link="internal">Bitcoin</a> miners’ accumulation strategies. According to CryptoQuant’s data, there has been a significant increase in the seven-day moving average of Bitcoin inflows to miners’ wallets. This trend indicates that miners are not only holding their mining rewards but also purchasing Bitcoin directly from the market.</p> 
<h2 style="text-align: justify" id="mining-data-indicates-strong-increase">Mining Data Indicates Strong Increase</h2> 
<p style="text-align: justify">Fournier noted that the Hash Ribbon signal, indicating the end of miner capitulation and an increase in mining power, has been triggered. This signal is considered a long-term bullish indicator for Bitcoin. Marathon Digital, now branded as MARA, recently purchased an additional $100 million worth of Bitcoin, solidifying this accumulation trend.</p> 
<p style="text-align: justify">Miners’ confidence in Bitcoin’s long-term value could lead to significant changes in market dynamics. Fournier suggests that this confidence might encourage <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> to continue their Bitcoin investments. Strong catalysts currently in play include the cooler PCE announcement, Donald Trump’s endorsement of Bitcoin at the Bitcoin 2024 event, and the reduced selling pressure from Mt. Gox and Grayscale ETF. All these factors point to Bitcoin’s potential for reaching all-time highs.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-374871 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-madencilik.webp" alt="" width="1200" height="652"></p> 
<p style="text-align: justify">According to CryptoQuant’s data, over 1,900 Bitcoins were added to miner wallets last week alone. This includes both mining rewards and additional market purchases. This significant inflow underscores miners’ strategies of accumulating Bitcoin with future profit expectations.</p> 
<h2 style="text-align: justify" id="trump-s-impact-on-bitcoin-and-us-energy-policies">Trump’s Impact on Bitcoin and US Energy Policies</h2> 
<p style="text-align: justify"><strong>Donald Trump</strong>‘s support for Bitcoin emerged as one of the most significant catalysts in these developments. Speaking at the Bitcoin 2024 event in Nashville, Trump mentioned Bitcoin’s potential to surpass gold in market value. However, he emphasized that achieving this would require significant historical opportunities and time. Trump’s plans to increase the US energy supply and reduce international energy dependence further strengthen his bullish stance on Bitcoin.</p> 
<p style="text-align: justify">HashKey Global General Manager Ben El-Baz noted that Trump’s vision includes ensuring the US’s leadership in <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> and Bitcoin. He added that reaching a $1 million price for Bitcoin is within the realm of possibility.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-identifies-new-stage-in-bitcoin-miners-accumulation-strategy/" data-wpel-link="internal">Analyst Identifies New Stage in Bitcoin Miners’ Accumulation Strategy</a></h5>
<p>The post <a href="https://en.coin-turk.com/analyst-identifies-new-stage-in-bitcoin-miners-accumulation-strategy/" data-wpel-link="internal">Analyst Identifies New Stage in Bitcoin Miners’ Accumulation Strategy</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Analyst Identifies New Stage in Bitcoin Miners’ Accumulation Strategy

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