While the increase in Bitcoin price since the beginning of 2023 continues to have a positive impact on mining activities, the sales made by miners fell to the lowest levels after 6 months.
On Bitcoin mining research TheMinerMag, which makes the most remarkable data, revealed in a graphic it shared recently. In this data, publicly traded mining companies 6 month old Bitcoins they produce after a period of time less than 100% seen to be selling.
of the year 2022 September Bitcoin mining companies since low at prices struggle by selling both all the Bitcoins they produce and some of the assets they hold in order to be able to continue their operations. more than 100% sales performed. But 2023 Fireplace The price of Bitcoin, which has increased since the beginning of May, has also reflected positively on the economic situation of mining companies and a decrease in the rate of said sales has been recorded.
We first passed March per month 98%receding sales pressure to april in the month 95% was recorded as. Sales at similar levels 2022 of the year August per month 86%It was recorded with a ratio of .
In the last 1 week according to CoinGecko data 5.4% falling BTC, at the time of writing from $27,740 is being traded. According to experts, if BTC price drop if it gets deeper miners again %one hundredMight have to sell more than .
