Bitcoin (BTC) miners took advantage of the rise in price and disposed of large amounts of BTC.
According to information provided by Blockchain data platform CryptoQuant, Bitcoin miners, to sell more actively started.
From wallets belonging to Bitcoin miners earlier this week within 24 hours Approximately worth $455 million 10 thousand 600 BTC It was found to be out.
Bitcoin price dropped after U.S. spot ETFs opened for trading last week for 49 thousand dollars reached but then started to decline below 43 thousand dollars landed. Bitcoin though 43% more valuable than 6 months ago.
Miners, who earn income from block rewards and transaction fees on the network, use the They sell Bitcoin.
The hash rate on the Bitcoin network increased in the final months of 2023 as miners prepared for the halving in April 2024. However, the hash rate fell below the 30-day average due to the network balancing policy of miners in the USA.
In a report published by Bernstein, shares of Bitcoin mining companies are expected to decline in the short term. may create a buying opportunity specified.
