Bitcoin BTC Lowe's Bitcoin

Here’s Bitcoin miners’ plan to survive the crypto-crisis (to make ends meet)

Reading now: 562
ambcrypto.com

Bitcoin [BTC]‘s ongoing bearish streak has significantly affected not just holders, but even miners. Bitcoin miners turned into net sellers of Bitcoin, with miner inventories dropping to new lows.

Miners might not necessarily turn bearish “en masse,” although some did look to offload excess inventory. Or, is it really the case?Bitcoin miners have been distributing their holdings of BTC during the recent sell-off, albeit at a slower pace compared to how it was earlier this year.The chart attached herein shows the 30-day change of BTC supply held in miner addresses, according to data compiled by Glassnode.Source: GlassnodeHere, the red dip hinted at Bitcoin miners becoming net sellers, after being net HODLers for months.

Read more on ambcrypto.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA