Bitcoin BTC miners are betting on higher prices! Over the last three weeks, Bitcoin miner reserves have jumped by 4,487 BTC. That’s roughly $330 million in value that miners have chosen not to sell. Typically, miners are the "forced sellers" of the market. They have massive electricity bills and hardware loans to pay every month, which usually forces them to sell a large portion of their newly mined coins. The fact that they are now hoarding over $330 million worth of Bitcoin suggests two things: • Strong Balance Sheets: Miners are finally flush with enough cash that they don't need to sell to keep the lights on. • Bullish Expectation: They believe the current $73,000 price is still "undervalued." They are holding out for a much higher exit point later this year. When miners stop selling, it creates a supply squeeze. With US institutional demand surging (as seen in the Coinbase Premium), there simply isn't enough new Bitcoin entering the market to meet demand.(Ali Charts)