On-Chain Data Shows Bitcoin Miners Continue To Accumulate

On-chain data shows Bitcoin miners have continued their selling as outflows from their wallets have once again spiked up. More Than 2.5k BTC Flows Out Of Bitcoin Miners’ Reserve As pointed out by an analyst in a CryptoQuant post, BTC miners from Poolin look to have sold big over the past 24 hours. The “miner […]

On-chain data shows miners have sent a never-before-seen amount of Bitcoin to exchanges as the crypto touches $55k. Bitcoin Miners Send An Unusual Amount Of Coins To Exchanges As pointed out by a CryptoQuant post, on-chain data shows miners have sent an unprecedented amount of Bitcoin to exchanges. The indicator of relevance here is the […]

On-chain data shows Bitcoin miners withdrew a large amount of coins from their wallets yesterday, suggesting they may be planning to sell them. Bitcoin Miners Transferred 14k BTC Out Of Reserve Yesterday As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve observed a plunge during the past day. The “miner […]

On-chain data shows Bitcoin miners have held strong and not dumped the coin despite the recent uncertainty due to the Russian invasion of Ukraine. Bitcoin Miners Show Diamond Hands As They Continue To Hodl As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve hasn’t observed any significant falls recently despite […]

According to on-chain data, Bitcoin miners seem to be holding off on selling BTC despite the recent rally where the coin has crossed $57k. Bitcoin Miner Reserves Continue To Move Sideways As pointed out by a CryptoQuant post, BTC miner reserves continue to trend sideways amid the coin’s strong move up. The “miner reserve” is a indicator that shows the total amount of Bitcoin that miners are currently holding in their wallets. An increase in the metric’s value suggests miners think the coin’s value will go up in the near future, hence they are stocking up on....