Active Bitcoin miners now 'unlikely' sellers thanks to profit boost — data
The upcoming record difficulty drop means mining Bitcoin is about to get a lot more profitable while hash rate slowly returns to the network, Glassnode predicts. Bitcoin (BTC) miners are “unlikely” to pressure BTC price by selling coins in the coming weeks, new data says.As part of its latest weekly report, The Week On-chain, analytics resource Glassnode sought to allay fears of another large miner sell-off.Difficulty drop a gift to remaining minersAmid the ongoing transfer of mining equipment — and therefore Bitcoin hash rate — out of China, fears have emerged over miners selling BTC to....
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