Recent shifts in miner behavior and renewed buying activity have contributed to Bitcoin’s upward momentum, according to market experts.
After a prolonged period of capital outflows, cryptocurrency mining companies have significantly slowed their coin sales and started accumulating reserves. On-chain and derivative market indicators suggest that buyers are returning, while institutional investors are increasing their positions on the Chicago Mercantile Exchange (CME), signaling confidence in short-term price gains.
According to Novaque Research, this market movement differs from previous short-term spikes. Instead of being driven by transient speculation, the current rally is grounded in fundamental changes in miner, trader, and institutional activity.
Miner Reserves Support Market Stability
The reduction in miner sales has led to rising Bitcoin reserves, easing supply-side pressure. Historically, such accumulation phases often precede upward trends in the market. Novaque Research highlighted that miner behavior now forms a more solid foundation for sustainable growth.
Simultaneously, buyer activity has picked up across both spot and futures markets. The “taker buy-sell ratio,” which measures aggressive purchases against sales, has consistently surpassed 1.0 for the first time in months. This indicates that traders are actively buying at market prices rather than waiting for lower levels, generating additional demand.
Institutional Interest Reinforces Positive Sentiment
Institutional engagement is also strengthening market sentiment. Open interest in Bitcoin options on the CME is increasing, particularly in contracts expiring over the next two to four months. Rising positions alongside higher prices suggest an influx of new capital rather than simple risk hedging, experts note.
If these trends persist, the market could face a substantial short squeeze, with potential closure of short positions totaling up to $16 billion. Historically, such events have triggered medium-term bullish phases, Novaque Research added.
Meanwhile, Binance continues to dominate altcoin trading, providing significant liquidity for emerging tokens and supporting overall market activity.
The combination of reduced miner selling, renewed trader engagement, and cautious institutional return is creating conditions for a more mature and resilient market. Experts believe that if the momentum continues, Bitcoin could not only maintain current levels but also enter a phase of steady growth in the coming months.
For reference, U.S. Senator Cynthia Lummis recently confirmed her support for launching a strategic Bitcoin reserve.
