May 15, 2021

Miners refuse to sell BTC at the current price

Miners refuse to sell BTC at the current price

Bitcoin miners continue to transfer their BTC to personal cold storage wallets.

Graph provided Glassnode, indicates that most miners do not sell the mined bitcoins, but are waiting for a more opportune moment to sell - that is, for a higher BTC price.

Miners refuse to sell BTC at the current price

The graph shows that in January 2021 minersbegan to actively sell bitcoin, creating strong pressure on the price of BTC. This trend reversed last week - most miners are reluctant to part with their bitcoins at the current price.

The first cryptocurrency continues to recover from its recent fall. At the time of writing, BTC is trading at around $ 55,000.

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According to the materials u.today