CryptoQuant: Bitcoin miner reserves hit a new low since April 2021, market faces selling pressure

ChainCatcher message, according to CryptoQuant data, Bitcoin miners' reserves have reached their lowest level since April 2021, highlighting increased selling pressure. This trend has been particularly evident since November and may signal a key shift in market dynamics.

Additionally, the number of active Bitcoin addresses has not changed despite the recent rise in Bitcoin prices. On-chain data shows a surge in profits for short-term BTC holders, echoing patterns observed during previous market peaks.