Bitcoin Miners Halt Liquidations, BTC Price Rally Continues

• Bitcoin miners appear to have paused their liquidations, according to CryptoQuant data on Feb. 5.
• The shift in the trend of BTC reserve coincided with the revival of Bitcoin prices from mid-January 2022.
• Trackers show that BTC is trading at $23,135, up 37% in the last month.

Bitcoin Miner Reserve Trend Flattening

Bitcoin miners appear to have paused their liquidations, according to CryptoQuant data on Feb. 5. Per streams, bitcoin miners‘ reserve trend has been flat at around 1.837m BTC from Jan. 19 – the day when bitcoin miners held off from selling their coins.

Prices Reviving Post Mid-January 2021 Selloff

The shift in the trend of BTC reserve coincided with the revival of Bitcoin prices from mid-January 2022. From Jan. 19, BTC prices have rallied from $21,081 to $23,063 on Jan. 25 and reserves remained flat at around 1.837m BTC since then – indicating a pause in miner liquidation activity despite rising difficulty levels and rewards for successful mining operations on the network every 10 minutes (6.25BTC).

What is Bitcoin Mining?

Miners are tasked with confirming transaction blocks and securing the network by investing in modern gear and catering to operation costs such as electricity bills and salaries required for mining operations effectively on the Bitcoin network every 10 minutes regardless of difficulty levels set by protocol rules for block confirmation times (which have increased 4.68% since January 2021).

Analyzing Miner Reserves

Traders track the number of coins held by bitcoin miners which follows the number of coins in addresses affiliated with miners – however it does not reveal individual coin holdings by specific pools or farms operating within the network due to privacy protocols set in place for users performing transactions within networks using this technology stack that make up blockchain networks today like Ethereum or Tron etc..

Conclusion

When reserves increase it could indicate confidence in markets and expectations for further price gains while fast falling reserves could be indicative of fear that markets might post more losses going forward – but presently this is not being seen as consecutive increasing prices are still being seen month over month showing optimism amongst traders as well as higher than average reward allocations given out by the network per miner successfully confirming a block making up part pf its ledger framework; meaning BTC is trading currently at 23135$ up 37% since January 2021