Bitfinex reported that the Bitcoin Miner Position Index (MPI) currently stands at -1.2, significantly below its annual average. The reading indicates miners are hoarding supply, as selling activity remains muted despite a brief spike to 2.8 during August's breakout.
Crypto exchange Bitfinex posted on X that the Bitcoin Miner Position Index (MPI) is currently -1.2, well below its yearly average. A reading below 2 suggests miners are holding onto supply rather than selling. The index briefly rose to 2.8 during August's price breakout but has since retreated. Bitfinex noted that readings above 2 indicate renewed selling by miners, and current selling activity remains low.
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