Active Bitcoin miners now 'unlikely' sellers thanks to profit boost — data

Cointelegraph

Published Jun 29, 2021 04:34AM ET

Updated Jun 29, 2021 06:20AM ET

Bitcoin (BTC) miners are “unlikely” to pressure BTC price by selling coins in the coming weeks, new data says.

As part of its latest weekly report, The Week On-chain, analytics resource Glassnode sought to allay fears of another large miner sell-off.

Bitcoin miner wall balance annotated chart. Source: Glassnode

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