📊 The latest research shows that miners' influence on BTC prices is weakening! Glassnode data shows that centralized exchanges and US spot Bitcoin ETFs have the greatest influence on BTC prices. As of July 2024, centralized exchanges hold more than 3 million BTC, while spot Bitcoin ETFs manage 887,000 BTC. In contrast, miner-associated wallets only hold about 705,000 BTC. ETF fund flows may have 4 to 8 times more impact on the market than miners! What do you think? See you in the comments!#Bitcoin#Blockchain #ETF