Miner’s Data Bolsters Bitcoin Uptrend As It Rockets Past $70K

The post Miner’s Data Bolsters Bitcoin Uptrend As It Rockets Past $70K appeared first on Coinpedia Fintech News

Bitcoin has surged above the $70,000 mark, bolstered by a massive $886 million net inflow into US Bitcoin ETFs—the second-highest ever. This milestone reflects growing institutional confidence and market momentum. Additionally, the Miners’ Position Index (MPI) stands at -1.1247, down 22.37% in the last 24 hours, indicating that miners are selling less compared to their one-year average.

This combination of reduced miner selling and substantial ETF inflows underscores a strong bullish sentiment, paving the way for Bitcoin’s continued ascent and potential new all-time highs, potentially above $75,000.