Hello everyone, I have a quick update that may be very interesting to some. The BTC miners are holding the newly mined block rewards this week.

Obviously holding BTC is good for the price, which is why the price came back up from 8900 so quickly. The miners are making the inflation rate go to 0 when they hold inventory 12 weeks like this. The theory is that they hold when the market would dip from selling pressure and sell when the market is climbing. Every day they have new supply and new choices to make, and they are holding, trying to create more profit in the long run. 4 BTC is not enough to change the price, but it is enough to support it. Someday soon the miners will have to sell these BTC to pay bills, they are simply playing off dollar creation and Greyscale buying. As I started writing this I had to update my photo because someone sold 100 BTC, but I see the price is not moving due to that. Its a stalemate I guess, so were going to just keep watching this and see if the miners can pump the price and sell near 10k again or if they have to sell now and correct the price towards the low 7k, which I see as possible but not probable. The reason I don't think its probable is because so many fiat currencies are printing away, so if we have an accurate price range in mind we should see that range realized on both ends but everyone is aware of the money supply issue. However, one thing may bring the price down and cause the miners to sell quickly their built up inventory.

The way this could play out is a coordinated price plan, where they buy some BTC, get the price climbing. They set up some shorts and begin to sell into fiat or stablecoins. The price drops quickly because of the nearly 80% long majority, and the miners sell to pay the bills. Just a few days of activity to correct and the price is still going to have to reflect the inflation rate of the USD and such. Its sort of a one way trade as long as the hashrate is creating security, and it is, but the price movements can be so confusing without some info as to who and why.

As always we are watching for one thing to change really:

Once this begins its climb upward we are good to go, on the 7 day average chart we have finally seen it begin to climb but not on the 30 day average, so we may be close.