Starting 2022 with a decline Bitcoin (BTC) and cryptocurrencies It started to recover in July and recorded gains.
Although cryptocurrencies could not continue the upward trend, the short-term rise was an opportunity for miners to make a profit.
In this context, Ali Martinez, one of the important names in the crypto money market, shared on his Twitter account. bitcoin about 6,000 miners in the last two weeks. BTC announced it was selling.
Sharing the data he received from CryptoQuant, Martinez said that the miners sold 5,925 BTC.
#Bitcoin miners appear to have taken advantage of the recent upswing to book profits. Data shows that miners sold 5,925 $BTC in the last two weeks, worth roughly $142 million. pic.twitter.com/slcO7SstOZ
— Ali Martinez (@ali_charts) August 19, 2022
The value of BTCs sold by miners is around 130 million dollars at the time of writing.
As you may remember, Arcane Research published a report recently. In this report, what Bitcoin mining companies have in July BTCIt was stated that 6,500 of them were sold.
This figure is less than half compared to the previous month when mining companies had to sell their BTC to continue their operations.
Because miners had sold 14,600 BTC in the previous month, June.
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