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Bitcoin at $70K: Miner Reserves Crash—Bottom Signal Incoming?
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CryptoSlate reveals Bitcoin miner reserves at historic lows, a classic bottom indicator as selling pressure eases.
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BTC fell to $60,000 amid China risk-off (Yahoo Finance), but rebounded to $70,000 with Bernstein's $150K outlook intact. Facts: Market cap holds above $1.4T, 24h change -0.5%, per CoinGecko.
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Analysis: This capitulation flushes weak hands, while institutions like MicroStrategy buy aggressively. Meaning: Bitcoin's scarcity narrative strengthens—only 21M ever exist, making it a hedge against inflation. Value for you? Long-term holders have seen 31,250% gains over 12 years (Benzinga).
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