Data shows Bitcoin miners have eased up their dumping over the past month, now selling only at a 50% rate compared to in early September.
Bitcoin Miner Net Position Change Now Has A Value Of 4.4k BTC Per Month
As per the latest weekly report from Glassnode, the BTC miners were selling at a rate of 9k BTC per month at the start of last month.
The relevant indicator here is the “miner net position change,” which measures the total net amount of Bitcoin being withdrawn or deposited by the miners over the last 30 days into or out of their wallets.
When the value of this metric is positive, it means miners have been transferring coins out of their reserve during the last month. Such a trend, w
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