On-chain data shows that Bitcoin miners have participated in a selloff during the past day as they have offloaded 3,000 BTC from their wallets.
Bitcoin Miners Have Sold $131 Million Worth Of The Asset During Past Day
As pointed out by analyst Ali in a new post on X, the BTC miner reserve has plunged during the last day. The “miner reserve” here refers to the total amount of Bitcoin that the miners as a whole are carrying in their wallets right now.
When the value of this metric declines, it means that the miners are taking out a net number of coins from their wallets. Generally, the main reason why these chain validators would withdraw from their reserve is for selling purposes, so this kind of trend can have bearish implications for the price.
On the other hand, the indicator going up suggests the miners are adding to their wallets currently. Such accumulation from this cohort can naturally positively impact the cryptocurrency.
Now, here is a chart that shows the trend in the Bitc
We współpracy z: https://bitcoinist.com/bitcoin-miners-cash-out-132-million-btc-offloaded/
