Bitcoin miners hodl 27% less BTC after 3 months of major selling

Bitcoin miners hodl 27% less BTC after 3 months of major selling

The industry's "hodlers of last resort" have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows. According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn.Miners sold nearly 30% of record BTC stash since MayThe trip to $25,000 this month decreased pressure on a Bitcoin mining sector which has struggled throughout 2022.At one point, fears abounded that miners’ production cost was far higher than the Bitcoin spot price, and that heavy sales would result in order for miners to....


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