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Bitcoin Miners’ Position Index Hits Historic Low: Strength Signal or Early Warning Sign?

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Bitcoin Miners' Position Index Hits Historic Low: Strength Signal or Early Warning Sign?

TLDR:

  • Bitcoin Miners’ Position Index has dropped to -1.04, marking one of the lowest readings in its recorded history.
  • Extreme low MPI reflects minimal miner selling pressure, suggesting miners may be holding rewards in anticipation of higher prices.
  • Historically, Bitcoin price recoveries emerged as MPI rose from depressed levels, not at the moment it hit its floor.
  • Low MPI removes a key structural headwind, but sustained price movement still depends on demand-side confirmation signals.

Bitcoin’s Miners’ Position Index (MPI) has fallen to -1.04, one of the lowest readings ever recorded in its history. This is only the third time the 30-day moving average has neared the -1 threshold.

At this level, miners are sending far fewer coins than their one-year average reflects. The sharp drop in outflows raises a critical question across the market: does extreme miner inactivity signal quiet accumulation and strength ahead, or does it mask a deeper structural warning?

The Case for Hidden Strength Behind Miner Inactivity

When miners hold block rewards rather than move them to exchanges, sell pressure from one of Bitcoin’s most consistent natural sellers drops sharply.

The Miners’ Position Index measures outflows against a one-year historical average, and a reading of -1.04 places current miner behavior near the bottom of its entire recorded range. That level of restraint does not happen frequently.

Analyst MorenoDV_ noted the reading publicly, describing it as one of the lowest MPI prints in Bitcoin’s history. He pointed out this is only the third time the 30-day moving average has approached the -1 mark.

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Source: Cryptoquant

According to his analysis, miners appear to be either accumulating block rewards or anticipating higher prices ahead.

From a supply perspective, reduced miner distribution removes a persistent structural headwind. Miners have long represented a consistent source of selling in the market, given their need to cover operational costs. When that flow dries up at this scale, available sell-side supply contracts meaningfully.

That contraction does not guarantee price appreciation on its own. However, it does create conditions where demand-side forces face less resistance.

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In that context, extreme miner inactivity can reasonably be read as a quiet form of market strength rather than passive behavior.

The Silent Warning Embedded in Extreme Low MPI Readings

Historical patterns complicate any straightforward bullish reading of extreme low MPI levels. Most Bitcoin cyclical price lows did not form precisely at the moment MPI hit its floor.

Instead, price recoveries tended to emerge as the metric began rising from those depressed levels, not while it sat at the bottom.

Extreme low MPI readings have also historically coincided with periods of miner stress, compressed margins, and macro uncertainty.

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That context matters. Inactivity at this scale can reflect miners unable or unwilling to sell, rather than miners confidently holding in anticipation of gains.

MorenoDV_ acknowledged this nuance directly in his analysis. He noted that the absence of miner selling alone cannot sustain upward momentum without clear demand expansion.

Spot flows, ETF inflows, and derivatives positioning all remain necessary catalysts that MPI does not capture.

The signal becomes more actionable when MPI begins recovering from these lows alongside improving market conditions.

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Until that recovery takes shape, extreme miner inactivity sits in an ambiguous space. It reduces one headwind, but it does not confirm the demand-side engagement needed to drive a sustained directional move.

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Brazil Postpones Crypto Tax Policy Until After Election

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Crypto Breaking News

Brazil’s crypto tax policy is taking a back seat as the government focuses on an October 2026 presidential race, with officials delaying public consultation on crypto taxation until after the election cycle. Sources familiar with the matter told Reuters that regulators are hesitant to push divisive tax changes during an election year, though the topic remains on the radar for future consideration.

The policy environment in Brazil has already shifted markedly over the past year. In June 2025, Brazil ended its tax exemption for gains from smaller cryptocurrency sales or transfers, replacing it with a flat 17.5% capital gains tax that applies to profits from both onshore and offshore holdings, including self-custodied assets. The change marks a substantial tightening for retail investors who previously navigated a more lenient regime, and it set the stage for broader regulatory alignment of crypto activity with conventional tax rules.

In a separate development, Banco Central do Brasil unveiled rules in November 2025 that reframe stablecoin transfers as foreign currency exchanges, thereby bringing these transactions under the same tax framework as other FX movements. The government has also signaled potential proposals to tax cryptocurrencies used for international payments and is moving to align reporting obligations with the Crypto-Asset Reporting Framework (CARF), an international standard for monitoring crypto transactions.

Amid these regulatory shifts, Brazil’s crypto ecosystem has continued to expand. The country—home to more than 213 million people with a median age around 33.5 and a predominantly urban population—remains a leading crypto market in Latin America. Chainalysis data placed Brazil fifth globally in the 2025 Global Crypto Adoption Index, and first within Latin America, underscoring the country’s rapid embrace of digital assets among both retail and institutional players. In 2025, Latin America’s crypto adoption grew by about 63%, a reflection of broader regional momentum that Brazil has helped to drive.

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Beyond tax and oversight, the Brazilian payments landscape has been evolving as well. The Pix instant payment system, already widely used domestically, has begun expanding its footprint beyond Brazil’s borders, signaling a growing ecosystem that could influence cross-border crypto activity and policy considerations in the region.

Key takeaways

  • Brazil delays public consultation on crypto tax policy until after the 2026 presidential elections, with a potential slip into 2027, according to Reuters.
  • As of June 2025, Brazil imposes a 17.5% flat tax on crypto capital gains, replacing the prior exemption for smaller sales and transfers.
  • November 2025 rules from Banco Central treat stablecoin transfers as foreign currency exchanges, bringing them under existing tax laws.
  • CARF alignment is on the radar, as Brazil seeks to harmonize crypto reporting with the Crypto-Asset Reporting Framework.
  • Brazil remains a standout crypto market in Latin America, ranking fifth globally in Chainalysis’s 2025 index and first in the region, with Latin America’s adoption rising 63% in 2025.

Adoption, policy, and the road ahead

Brazil’s regulatory posture illustrates a broader tension visible across many jurisdictions: balancing a thriving crypto economy with the need for clear, stable tax and reporting rules. The decision to pause a public consultation on crypto taxation reflects a strategic calculus that policymakers often make in the heat of electoral campaigns. Yet the substance of policy—tighter tax treatment of gains, stricter treatment of cross-border transfers, and stronger alignment with international reporting standards—appears to be moving forward in the background.

For investors, traders, and builders, the shift to a 17.5% flat tax on capital gains marks a more predictable tax environment for many participants, particularly those who previously benefited from exemptions or progressive rates. However, the removal of exemptions also raises the bar for compliance and reporting, especially for individuals with offshore or self-custodial positions. The ongoing alignment with CARF suggests greater transparency and standardized reporting, which could facilitate cross-border activity while increasing the regulatory burden for some market participants.

Brazil’s position as a regional crypto hub matters beyond national borders. The country’s adoption momentum—reflected in Chainalysis’s ranking and the growth trajectory across Latin America—gives policymakers a clear signal about the potential economic benefits of a well-regulated crypto sector. It also raises questions about how Brazilian rules will interact with regional standards and bilateral fintech partnerships, particularly as cross-border payments and stablecoin use gain ground.

On the technology and payments front, the Pix system’s expansion into Argentina hints at a broader cross-national digital payments narrative that could influence both consumer behavior and the regulatory dialogue around crypto. If these cross-border payments channels become more integrated with crypto rails, Brazil’s regulatory stance—whether it tightens further or onboards more participants—will likely influence neighboring markets and the regional stance on digital asset taxation and reporting.

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As politicians and regulators weigh the next steps, market watchers should track two key developments: the outcome of the 2026 election and the timing of any post-election crypto tax consultations. Clarity on the latter will be essential for market participants planning tax optimization, compliance workflows, and product launches within Brazil’s rapidly evolving crypto landscape.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Best Crypto to Buy Now: Strategy Just Spent $1.57 Billion on Bitcoin During Fear While Early Investors Quietly Enter Pepeto for 150x Potential

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Best Crypto to Buy Now: Strategy Just Spent $1.57 Billion on Bitcoin During Fear While Early Investors Quietly Enter Pepeto for 150x Potential

Strategy just filed an SEC disclosure confirming it purchased 22,337 BTC at $70,194 per coin between March 9 and 15 according to Bitcoin Magazine.

That is $1.57 billion deployed in one week while the market panicked about Iran, oil at $98, and the Fed holding rates. Total holdings sit at 761,068 BTC worth over $57 billion. When the largest corporate Bitcoin buyer adds over a billion in a week of fear, that is conviction. But Strategy could not enter a presale. Retail investors can.

The best crypto to buy now is not the asset that needs to double from $70,500. It is the early stage entry where presale to listing math creates returns large caps cannot produce.

Strategy’s latest SEC filing confirms it purchased 22,337 BTC funded through STRC preferred share sales, bringing total holdings to 761,068 BTC at a cost basis of $57.61 billion according to Bitcoin Magazine.

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Goldman Sachs projected two more rate cuts in 2026 that would bring rates to 3.0% to 3.25%, improving conditions for risk assets including crypto according to Intellectia.

Institutional capital flows in while retail sits frozen. The best crypto to buy now is the entry that captures the gap between fear pricing and the listing that closes the presale window permanently.

Best Crypto to Watch in 2026: Pepeto, Solana, and Cardano Compared

Pepeto: The Best Crypto to Buy Now Before the Listing Changes Everything

Strategy could not enter a presale. Most retail investors do not realize they can, and that is the gap Pepeto closes. While institutions added Bitcoin at $70,000, the exchange being constructed behind Pepeto is what convinced over $8 million in capital to enter during this correction.

What makes Pepeto different is the innovation investors see taking shape. A fee free trading platform designed to keep your capital intact on every trade. A chain to chain bridge built to move tokens across networks without losing a single unit. Investors recognize what this infrastructure means once the exchange listing with Binance brings it to the full market.

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Now in its final presale stages at $0.000000186, past the $8 million mark in funding, the infrastructure behind Pepeto has driven predictions that outperform every large cap forecast for 2026. The founder who took Pepe to $11 billion on 420 trillion tokens and zero products is now constructing the exchange Pepe never had. SolidProof verified every contract before the presale opened, and a Binance insider is steering the platform toward listing. Staking at 195% APY gives early holders growing positions from entry.

Pepeto is the best crypto to buy now because the gap between this presale price and a confirmed listing is where returns are created. The stages fill faster every round, and wallets that do not commit before the listing will spend this cycle wishing they had.

Solana (SOL)

Solana is trading at $89.86, down roughly 65% from its November 2025 all time high near $260 according to CoinMarketCap.

SOL has one of the strongest on chain narratives in 2026 with record breaking metrics from 2025. SOL ETFs continue leading altcoin inflows. A bullish reversal could push SOL toward $200, roughly 2x from current levels.

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For investors looking for the best crypto to buy now, 2x is decent but nowhere near what a presale to listing entry delivers.

Cardano (ADA)

Cardano is trading at $0.265, having dropped from $0.297 in late February according to CoinMarketCap.

ADA has hardly attempted a recovery while other tokens at least tested breakout levels. The lack of any significant catalyst has pushed investors to look for alternatives with real movement. Some traders are comparing it to the xrp price prediction narrative where even recent dips have not stopped breakout talk.

ADA would need to triple just to revisit $0.80, and for investors searching for the best crypto to buy now, Pepeto’s presale math makes that comparison feel irrelevant.

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Conclusion

That combination of meme virality and exchange infrastructure on the Ethereum blockchain is why analysts call Pepeto the best crypto to buy now. The wallets entering every stage are linked to addresses that held major ETH positions through multiple cycles. They built wealth by recognizing infrastructure early and they only commit when they see something the broader market has not caught up to. The Pepeto official website is where those entries are being made right now, the ones set to make the returns every crypto holder dreams about.

Secure the best crypto to buy now before the listing closes this window

Click To Visit Pepeto Website To Enter The Presale

FAQs

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How does Strategy’s $1.57 billion Bitcoin purchase affect the best crypto to buy decision?

Strategy bought 22,337 BTC during peak fear, confirming institutional conviction. But retail investors have access to presale entries like Pepeto where the math from entry to listing creates returns BTC at $70,500 cannot deliver.

What is the best crypto to buy now for maximum returns in 2026?

Pepeto at presale pricing targets 150x to the level Pepe reached with zero products. SOL at $89.86 targets 2x. ADA at $0.265 has stalled. The presale to listing math makes the decision clear.

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Why is Pepeto called the best crypto to buy now?

Same Pepe cofounder, 420 trillion supply, SolidProof audit, over $8 million raised, and a confirmed Binance listing ahead. Visit the Pepeto official website before the presale closes.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Brazil’s New Finance Minister Puts Crypto Tax Policy on Pause: Report

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Taxes, Brazil

Brazil’s Finance Minister, Dario Durigan, is putting crypto tax policy on the back burner until after the country’s presidential elections in October 2026 to avoid pushing for “divisive” tax changes during an election year. 

Regulators and government officials originally slated a public consultation on crypto tax policy for later this year, which may be delayed until 2027, but still “remains on the radar,” sources familiar with the matter told Reuters.

Brazil ended its no tax policy on gains from smaller cryptocurrency sales or transfers in June 2025, shifting to a 17.5% flat tax on crypto capital gains, including those made from offshore and self-custodial holdings.

Under the previous rules, residents who sold up to 35,000 Brazilian real, equivalent to about $6,587, per month were exempt from capital gains taxes on any profits, and investors who surpassed this threshold were subject to progressive tax rates between 15% and 22.5%.

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In November 2025, Banco Central do Brasil, the country’s central bank, published rules that treat stablecoin transfers as foreign currency exchange, subject to the same tax laws.

The Brazilian government is also eyeing proposals to tax cryptocurrencies used for international payments and is aligning its reporting rules to be consistent with regulations under the Crypto-Asset Reporting Framework (CARF), an international monitoring standard for crypto transactions.

The decision to place the crypto tax consultation on hiatus comes during a time when the South American country is rapidly adopting crypto, and the industry is growing in Brazil.

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Related: Brazil’s Pix instant payment system expands to Argentina

Brazil is one of the top countries in the world for crypto adoption

Brazil ranks number five on Chainalysis’s crypto Global Adoption Index and ranks number one in terms of adoption in the Latin America region.

Taxes, Brazil
Brazil ranks number five globally in terms of crypto adoption. Source: Chainalysis

The country has a population of over 213 million people, with a median age of 33.5 years, and over 91% of the population lives in urban areas, according to data from Worldometer.

In 2025, “Latin America’s crypto adoption grew by 63%, reflecting rising adoption across both retail and institutional segments,” according to Chainalysis.

Magazine: ‘Painful to think about’: NFT Creator Nate Alex on selling 70 CryptoPunks too early

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