Bitcoin Miner Selling Power Plunges, Green Signal For Price?
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On-chain data shows the Bitcoin miner selling power has plunged recently, a sign that could be positive for the crypto’s price. Bitcoin Miner Selling Power Has Plummeted In Recent Days As pointed out by an analyst in a CryptoQuant post, there has been less selling pressure from the miners recently. There are two relevant indicators here, the miner supply and the miner outflow. The first of these, the miner supply, is simply a measure of the total amount of Bitcoin currently sitting in the wallets of miners. The other one, the miner outflow, is a metric that keeps track of
On-chain data shows the Bitcoin miners have participated in a 3,000 BTC selloff recently, something that may explain the asset’s latest pullback. Bitcoin Miner Reserve Has Taken A Plunge Recently As pointed out by analyst Ali in a new post on X, the BTC miners have participated in some selling…
Despite the sale, Nasdaq-listed miner Marathon continues to hold one of the largest public bitcoin treasuries in the world. Marathon Digital, a publicly traded bitcoin mining company, has announced the sale of bitcoin for the first time in two years. “We intend to continue to sell a portion of our…