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Tom Dunleavy, an analyst at cryptocurrency research firm Messari, believes that miners who immediately sell mined bitcoins are bad for the price of BTC.
Tom Dunleavy reported thatpublic mining companies sold 40,300 of the 40,700 bitcoins mined in 2022. Among them are such large miners as Core Scientific, Argo, Marathon, Iris Energy, Bitfarms and Riots.
Most digital currency reserves of minersfell in the second half of November as the industry suffered significantly after the default of the FTX crypto exchange. According to Dunleavy, miners who immediately sell off the mined BTC have a negative impact on the price of the first cryptocurrency.
Former CEO of the BitMEX exchange ArthurArthur Hayes said that the influence of Bitcoin sellers on its price is negligible. Even if miners sell all the mined cryptocurrency, this will not greatly affect its price.
According to CoinMarketCap data, BTC trading volume as of December 26 was about $12 billion with an outflow of $15.3 million, which is only 0.13% of the total trading volume.
Earlier, Bits.Media published material about how the crypto winter and the fall in the Bitcoin exchange rate affected miners and what opportunities this opened up for them.
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