Miners' actions now are signaling a very significant message for the market. Usually, when they send Bitcoin to exchanges, it indicates selling pressure is coming. But now, the exact opposite is happening—miner position index has reached -0.83, meaning they are holding. This is a big difference because it means the major selling pressure from previous corrections is no longer present.

It becomes clearer when looking at the chart. Bitcoin is now trading at $77.53K and is testing the $75,000 level. Define this level because it has turned from previous support into resistance. The 50-day moving average has turned upward, which is a good sign, but volume is still weak—this is still a controlled rebound, not aggressive buying.

The main question: will $75,000 break? If yes, it will open the way toward $80,000. If not, there’s a chance it will return close to $68,000 again. The silence of miners is working in our favor at this moment—at least the biggest obstacles to moving higher have been removed.