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Key miners like Marathon and Hut have accumulated significant Bitcoin holdings—over 17,000 and 9,000 BTC respectively—implying a potential strategic reserve or acquisition capacity. However, many smaller miners face tough times, especially those holding zero huddled Bitcoin, risking forced sell-offs.
Geopolitical and Economic Factors: Inflation, Tariffs, and Liquidity
In macroeconomic news, inflation metrics such as the Producer Price Index (PPI) rose at the fastest rate in 12 months, signaling mounting costs for businesses and fueling inflation fears. The US economic surprise index has plummeted, with data consistently underperforming expectations, contradicting optimistic government narratives of a booming economy.