Bitcoin miners have sold almost all of the Bitcoins (BTC) they mined in 2022. Analysts were divided on whether this was a bullish or bearish signal.
The analyst of crypto analytics platform Messari posted on his official social media account on December 27. in his post10 publicly traded mining companies in 2022 that they produced 40.7 thousand BTC and in turn 40.3 thousand BTC what they sell stated. This situation for Bitcoin permanent a drop Noting that this could be a sign of Ethereum (ETH) in that you can affect underlined.
With Messari analyst in crypto money markets similar to ideas owner There are many analysts. Bitcoin miners finance your spending to make quite a lot of reserves for low with snow or sometimes to the detriment that they can sell Analysts claiming that this situation is at the price negative effect argues that.
BitMEX former CEO Arthur Hayes The leading names of the industry such as the effect of miners’ reserve sales on Bitcoin. eyelash succession that can be until low stands behind the idea that the BTC produced every day of all in case of sale genius of the market almost none claims to be unaffected. In another thesis, Hayes stated that in the last quarter of 2022, Bitcoin in circulation flowed from miners and speculators to long-term investors.
On the other hand, publicly traded Bitcoin miners are struggling with the price drops on cryptocurrencies and increased mining costs. With a debt of 4 billion dollars in 2022 getting ready to finish.
