Despite a challenging year, Bitcoin started Q1 with a 70% gain, and mining difficulty reached an all-time high. But amidst this growth, what has been the miners' response? CryptoSlate analyzed Glassnode data, uncovering interesting trends in the behavior of the top eight publicly listed mining companies. As their holdings reveal a surprising resilience, one crucial question arises... Are these miners expecting the price of BTC to climb even higher? Dive into the Alpha article to uncover their expectations and strategies.
Research: Bitcoin miners hold strong during Q1, signaling bullish outlook for BTC Research: Bitcoin miners hold strong during Q1, signaling bullish outlook for BTC
Bitcoin miners demonstrated resilience amid wider uncertainties, suggesting expectations for a sustained rise in BTC's value.
3 min read
Updated: Feb. 14, 2024 at 3:33 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Glassnode
Glassnode brings data intelligence to the blockchain and cryptocurrency space.
