Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?

2024-3-6 22:09

Investors are pouring money into spot ETFs while avoiding miners due to risks related to Bitcoin's halving event.

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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
Доступно / Всего 10m MRT

miners bitcoin money etfs spot avoiding halving

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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