Miners are holding, small miners are out, supply declines, what next?
According to glassnode, miners are sending less coins to exchanges, transaction number dropped to decades low actually. Miners are holding or selling just small percentage does not mean price will spike, though. Usually they are day trader and after a while they will have to sale to meet up their expenses.
Again, due to btc halving, miners are getting less reward.
So what will happen next?
Miners will start selling after a while, supplies of btc is low, there is persistant demand on btc, small miners are out fron the play, so many calculations. What do you think?