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

According to CryptoQuant analyst Shayan Markets, the 30-day moving average of Bitcoin miners' tokens transferred to exchanges has recently dropped to a short-term lowest level, indicating that miners are reducing distribution and may begin to accumulate BTC. This trend coincides with the latest rise in Bitcoin’s price breaking through $115,000, strengthens bullish market sentiment among miners. The analysis points out that the combination of technological structure changes and miner accumulation provides Bitcoin with a positive market prospect. As long as the price remains above $112,000, Bitcoin is expected to maintain momentum and challenge all-time highs again.