Bitcoin Miners are accumulating BTC at the fastest clip since May of 2021
It's not the Bitcoin Miners that are selling...
Miners are often net sellers of bitcoin, at least they used to be.
If you look back at the last couple years they have become a lot more neutral in their activities versus years past.
This is likely due to the ability to use futures and options contracts as well as loans to offset costs as opposed to only being able to sell bitcoin, like they were in the past.
That being said, miners are currently accumulating bitcoin at the fastest clip since may of 2021.
Check it out:
(source: https://twitter.com/BTC_Archive/status/1480904360230072324/photo/1)
It helps that Bitfarms purchased roughly $43 million worth of bitcoin recently, but other miners are holding as well.
Thank You for sharing Your insights...
buddy told me to buy btc when it came out ..i didn't lol
Yea my first purchase was around $1200 and then $1800... wish I had bought a lot more then!
Upvoted! Thank you for supporting witness @jswit.
The volume of BTC is limited and we know the value of BTC. So now days miners become major HODLER.
Thank You for sharing Your insights...