While miners like MARA are stockpiling BTC in their reserves, the remainder of the market is witnessing an enormous outflow of capital from Bitcoin ETFs. Provided that ETF outflows continue to occur, on-chain miner activity could increasingly play a crucial role in stabilizing prices in the future. Whether miner inflow is enough to offset ETF outflows is anyone’s guess—but for now, it provides a bullish undertone to the near-term outlook for Bitcoin.
Author: Kelvin Murithi
Published at: 2025-06-04 22:00:06
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