CryptoQuant: Miners are reducing distribution and may begin to accumulate BTC. Bitcoin needs to stay above $112,000 to challenge new highs

According to CryptoQuant analyst ShayanMarkets, the 30-day moving average of Bitcoin miners transferring tokens to exchanges has recently fallen to a short-term low, indicating that miners are reducing their distributions and may be accumulating BTC. This trend coincides with Bitcoin's recent surge past $115,000, reinforcing bullish market sentiment among miners. The analysis indicates that this combination of technical structural changes and miner accumulation offers a positive outlook for Bitcoin. As long as the price remains above $112,000, Bitcoin is expected to maintain momentum and challenge its all-time high again.