Bitcoin (BTC) is showing signs of recovery following a brief market retreat triggered by the latest US Consumer Price Index (CPI) update. The asset had slipped to lows near $116,000 following inflation data.
However, BTC has rebounded since, reaching $119,248 earlier today and trading at $119,187 at the time of writing, roughly 3.1% below its all-time high of $123,000 set earlier this week.
While broader macroeconomic concerns are shaping price sentiment, new on-chain metrics from the mining sector are drawing attention. A CryptoQuant analyst has watched miner activity closely, as some key indicators suggest that miners may be preparing to sell.
This development could influence short-term price action, though the broader outlook for
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