02-10-2023 20:00 via newsbtc.com

Bitcoin MPI Forms Death Cross, End of The Rally?

On-chain data shows the Bitcoin Miners’ Position Index (MPI) has formed a death cross recently, a sign that the asset’s rally may end.
Bitcoin MPI Has Formed A Bearish Crossover Recently
As pointed out by an analyst in a CryptoQuant Quicktake post, the 365-day moving average (MA) of the BTC MPI has crossed above the 90-day recently. The “MPI” here refers to an indicator that measures the ratio between the miner outflows and the yearly MA.
The “miner outflows”
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