Bitcoin's approach to $40,000 saw miners' BTC holdings drop from 80,520 to 76,602 in ten days, a shift unseen since April. But what does this 4.86% decrease imply about Bitcoin's future trajectory? ...
Bitcoin surge triggers miner sell-off Bitcoin surge triggers miner sell-off
A decline in miner BTC balances signals strategic moves in response to December price rally.
2 min read
Updated: Dec. 12, 2023 at 3:55 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin's approach to $40,000 saw miners' BTC holdings drop from 80,520 to 76,602 in ten days, a shift unseen since April. But what does this 4.86% decrease imply about Bitcoin's future trajectory? ...
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.