#Btchitsnewhigh Analysis Company: "This Rally in Bitcoin is Different!" – Miners are Acting Unusually!

The cryptocurrency research company Novaque Research claimed that the recent Bitcoin rally is based on solid fundamentals.
The research company Novaque Research evaluated the recent rise in Bitcoin in its report, stating that this rally is based on "more sustainable foundations" compared to previous periods.

According to the company's analysis, the decrease in selling pressure from miners, the renewed increase in investor interest, and the strengthening of institutional positions indicate signs of a structural transformation in market dynamics.
The report highlighted that the decline in miner reserves, which had been ongoing for months, has stopped and a new accumulation trend has begun. It was noted that this situation has alleviated the supply pressure in the market and indicated that liquidity has started to shift back towards buyers.

Novaque Research also noted that the trading ratio in the spot and futures markets exceeding the level of 1.0 indicates that buyers have become aggressive again. The shift from a weak buyer outlook at the end of September to a strong buying appetite at the beginning of October signifies a "clear turnaround in market sentiment," according to the report.

A similar picture is being pointed out on the institutional side as well. The increase in open positions in the CME options market for short and medium-term maturities indicates that professional investors' confidence is rising again. Novaque stated that this increase, progressing in parallel with price hikes, signifies new capital inflows.

The research company indicated that if this trend continues, a relief rally could be on the way, with approximately $16 billion worth of short positions potentially being liquidated.
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