Bitcoin miners selling chart

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Bitcoin miners can be seen as one of the most bullish entities in the market. They invest millions, if not tens of millions of dollars, building energy infrastructure and aggregating hash power to mine Bitcoin. Small miners who are less capitalized are more likely to sell at less ideal times like this.

Conversely, larger miners, which are well-capitalized, have the ability to hold their mined BTC and wait for higher prices to sell. Throughout , this metric registered smaller peaks with an average of 60 BTC.

On July 17th, the average increased to Although this miner activity appears to be a signal of caution, it is important to look at what happened to BTC prices during similar occurrences.

Although it has been struggling to recover, one trend remains clear, long-term holders strong hands and stronger BTC miners have been accumulating rather than selling. Bitcoin miners can be seen as one of the most bullish entities in the market.

They invest millions, if not tens of millions of dollars, building energy infrastructure and aggregating hash power to mine Bitcoin. Small miners who are less capitalized are more likely to sell at less ideal times like this. Conversely, larger miners, which are well-capitalized, have the ability to hold their mined BTC and wait for higher prices to sell.

Throughout , this metric registered smaller peaks with an average of 60 BTC. On July 17th, the average increased to

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