Bitcoin Miners Are Changing The Status Quo As BTC Price Hits $114,000, Here’s...
Bitcoin miners are shifting strategies as the BTC price rebounds back above $114,000 after declining from all-time highs. Instead of sticking to familiar patterns, mining firms are adjusting how they manage their holdings and operations, signaling a change in the status quo as market conditions slowly recover. Bitcoin Miners Shift From Selling To Accumulating A new analysis from CryptoQuant suggests that Bitcoin miners are breaking away from historic patterns as BTC hovers above $114,000. The data reveals a significant structural shift in miner strategies, with long-term accumulation....
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Bitcoin has faced a challenging market environment, with its price remaining below $88,000 and registering a 10.1% decline over the past two weeks. This significant downturn has been marked by considerable selloffs and a lack of upward momentum. However, amidst this bearish trend, a new development within the Bitcoin mining community has been highlighted by a CryptoQuant analyst. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Miners Hoard Their Bitcoin A CryptoQuant analyst known as BilalHuseynov recently highlighted an intriguing shift in miner behavior. According....
The mining difficulty for Bitcoin (BTC) has reached an all-time high, reducing the already diminishing profit margins of miners. The new development could be catastrophic for crypto miners. As it also appears that the price of BTC is declining, Bitcoin miners may be going into a storm. According to data from btc.com, a company that […]
Bitcoin miners used to be the biggest cryptocurrency dumpers when its price traded near all-time highs. Nevertheless, their sentiment has changed drastically in the latest price rally. Data fetched from Glassnode, an on-chain market intelligence platform, shows that miners are not spending their Bitcoin than usual. It took cues from its proprietary indicator known as […]
Rising energy costs, a new hash rate ATH and flat bitcoin prices pose challenges to some miners as margins get squeezed.