When comparing Bitcoin miner reserves and the rate at which miners send Bitcoin to exchanges, it becomes evident that market turbulence is likely to continue for a while. Despite miner reserves reaching the highest level in the last two weeks, miners are not sending significant amounts of BTC to exchanges to sell, instead opting to accumulate due to the decline in BTC price. This indicates that there could be selling pressure from miners during a future Bitcoin uptrend. Tough times persist for miners.
Written by theKriptolik