BTC miner reserve decline stalls, signaling potential price increases: CryptoQuant contributor

CryptoQuant contributor KriptoBaykusV2 noted in a recent post that the decrease in Bitcoin (BTC) miner reserves, which has been ongoing since mid-last year, has recently begun to slow. This trend suggests that miners have been selling off their holdings, typically to realize profits during price increases or to cover operational expenses. Despite the significant price surge from late last year to early this year, miner reserves remained low. However, the recent slowdown in their depletion may indicate that miners are now waiting for further price increases. He further explained that stable or increasing reserves could signal potential price rises.