What Bitcoin’s 2024 predictions say about the king coin’s prices
Bitcoin miners move away?
The Miner to Exchange Flow metric measures the amount of BTC that is flowing from miners to exchanges. When this metric rallies, miners sell more BTC than they are mining.
This is a sign that miners are bearish on the price of BTC and are mostly interested in selling their holdings.
Also, BTC’s Miner Reserve, which measures the number of coins held in affiliated miners’ wallets, confirmed coin exits from miners’ wallets within the period under review.
The last time this metric was close to such high levels was during the bull market in 2021, when 95% of all UTXOs were held in profit.
