Bitcoin Blockchain and Cryptocurrency News Center
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem to […]
Blockchain data shows bitcoin (BTC, -0.56%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December. Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by those responsible for making […]
Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February, the Cointelegraph writes. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have […]
Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400, the CoinDesk reported. BTC miners generated an estimated $300 million in revenue in July, up from $281 million in June, and the first monthly increase in […]
On-chain data shows miners have sold more than they mined in the past week, but this might not necessarily impact BTC price for three reasons. The latest on-chain data from July 30 suggests miners are preparing to sell Bitcoin (BTC). According to data analytics resource Glassnode, miners’ outflows to exchanges increased significantly in the last […]