Bitcoin miners accelerate selling as bears take charge
Bitcoin (BTC) miners are increasingly changing their historical BTC holding strategies as the bear market prevails. Notably, miners who are known to accumulate Bitcoin and act as a market buffer are offloading their haul at alarming rates.
In particular, at Bitcoin’s current price, the Bitcoin Miner Sell Pressure tracker indicates an extraordinary selling activity from miners, which is denoted by the color red. The selling rate is ‘almost’ higher than compared to five years ago, data by presented by founder of Capriole, Charles Edward, on November 11 indicates.
Source
t.me/Mining_Crypto_Miner
