Cointime

  • BTC $16250.55 0.16 %
  • ETH $1175.51 0.25 %
  • BCH $111.30 0.36 %
  • SOL $13.39 0.30 %
  • XRP $0.39 0.26 %
  • BNB $293.20 0.17 %

Bitcoin Miner Sell Pressure Reaches Six Year High

1 min read Original Link

Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month. 

  • According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone. 
  • His data is backed up by a similar finding from Glassnode, which showed total miner balances plummeting to a 10-month low this week. Their holdings are now worth roughly $30.4 billion, representing almost 10% of Bitcoin’s supply.

All Comments