Miners Have Been Selling More Bitcoin Than They Generate, Recent Data Suggests

Cointelegraph

Published Jun 01, 2020 01:39PM ET

Updated Jun 01, 2020 03:20PM ET

Last week, Bitcoin (BTC) miners sold 11% more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests.

According to the portal's metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven days, compared with over 6,500 "first spend" transactions.

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