BRN analysts: Mining companies seem to be purchasing BTC directly from the market to increase reserves and enter a new accumulation phase

ChainCatcher news, according to TheBlock, BRN chief analyst Valentin Fournier stated that Bitcoin mining companies seem to be purchasing Bitcoin directly from the market to increase their reserves. These mining companies may have entered a new accumulation phase, and these actions have triggered the Hash Ribbon signal, which is a long-term bullish indicator highlighting the end of miner capitulation.