02/06/2026
Miners just moved nearly 12,000 Bitcoin to exchanges in one session — a 500% spike in miner transfers over the past month.
That's the kind of data point that doesn't fit neatly into a bullish or bearish story. On one side: the Fear and Greed Index is at 23, Bitcoin is trading below both its 20-day and 200-day moving averages, funding rates have gone deeply negative, and leveraged longs are being flushed out. The trend is under pressure.
On the other side: the 4-hour RSI is sitting in heavily oversold territory, and a bullish divergence is starting to form. Historically, when shorts get this crowded and selling pressure stretches this far, conditions for a short-term bounce tend to build quietly before anyone notices.
The Diamond Pigs bot is holding neutral — watching for either a relief move toward the 71,500–72,500 range or a clearer shift before taking a view.