Miners' sell pressure decreases with each halving. Recent miner netflows: ±500 BTC/week. Comparing netflows:
Miners: ±500 BTC
Exchanges: ±4K BTC
ETF wallets: ±4K BTC
Exchanges and ETFs likely have 4-8x more market influence than miners.
Miners' sell pressure decreases with each halving. Recent miner netflows: ±500 BTC/week. Comparing netflows:
Miners: ±500 BTC
Exchanges: ±4K BTC
ETF wallets: ±4K BTC
Exchanges and ETFs likely have 4-8x more market influence than miners.