The crypto mining landscape has been anything but calm, with miners oscillating between hoarding and offloading their Bitcoin. Early in the year, Bitcoin's surge past the $100,000 mark didn't prompt a sell-off frenzy among miners. Instead, data reveals periods of significant accumulation, hinting at a strategic decision-making process. But what, exactly, triggered this accumulation and continues to bolster Bitcoin's price despite peak selling pressures from miners? Discover the strategic moves behind this unexpectedly buoyant market...
Miners maintain strong reserve despite strategic selling
Bitcoin miners profited from higher prices while retaining substantial reserves.
2 min read
Updated: Jan. 23, 2025 at 11:47 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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