According to Crypto Rover, on-chain data indicates that Bitcoin miners are not selling their BTC holdings, which demonstrates strong confidence in future price appreciation (source: Crypto Rover via Twitter, May 8, 2025). Historically, when miners retain their mined coins, it often reduces market sell pressure and can act as a bullish indicator for traders seeking long opportunities. This behavior suggests a positive sentiment among 'smart money' participants and may lead to increased spot demand, impacting Bitcoin and the broader cryptocurrency market.