#BTC Hits New ATH#

At the beginning of the month, miners' reserves increased from 1,806,790 BTC on August 2 to 1,808,488 BTC on August 10, which increased the risk of supply in the market. This reflected increased pressure from miner-sellers, which often hinders rallies.
But when the price of Bitcoin started to rise, reserves decreased to 1,806,630 BTC and remain stable, indicating a weakening of the selling risk. This opened the way for buyers to lift the market without significant sales from miners.
Miner reserves: the total amount of BTC held by miners. An increase in reserves may indicate potential selling pressure, while a decrease often reduces the threat from supply.
The volume of taker purchases is the total value of market buy orders that remove liquidity from sales. On August 11, it reached $14.31 billion during an unsuccessful breakout attempt.
For a market order to buy to be executed, it must "hit" the sell orders that are already in the order book. Thus, buyers acquire assets at the current seller's price without waiting for a more favorable deal.
A high volume of taker purchases means that active buyers are quickly removing liquidity from sales, which can raise the price if the pressure continues.
This indicator remains at $12.24 billion, indicating that traders continue to buy at the current price, not expecting a decline.
Often, when buyers show sustained activity, it foreshadows successful breakthroughs. The question was not whether the price would rise to new highs, but when this would happen.