Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M

Bitcoin Price Forces Small Miners Out, Untagged Wallets Dump $20M
фото показано с : bitcoinist.com

2019-11-21 14:30

Miners made the biggest withdrawal of funds in 2019, just as Bitcoin price was fighting its last to keep above $8,000. The accelerated selling of rewards may look like an episode of miners capitulating.

Bitcoin Price Forces Miners to Sell The sum of $20 million looks small in comparison to the entire BTC activity, which is above $19 billion per day. However, miners selling their current rewards is a signal that their faith in bitcoin

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Miners' Reward Token (MRT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0513673 (-100%)

miners bitcoin price forces small rewards selling

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Bitcoin Miners Appear Not To Sell Or Care About Price, Is This Bullish?

Data from CryptoQuant suggests that Bitcoin miners might, after all, not care about price and all the fear, uncertainty, and doubt (FUD) in recent days. Bitcoin Miners Are Not Selling According to CryptoQuant’s Miners’ Position Index (MPI), a ratio between the total miner BTC outflows and the 365-day moving average of the same reading, Bitcoin miners have not been sending their coins to external addresses, typically exchanges.

2023-3-9 21:27