Miner flows to exchanges have reached their highest point since January, Compass Mining – a bitcoin mining services company – wrote in a research note today using data from CoinMetrics. “Miners may begin to sell hodl’d Bitcoin into the open market,” wrote Compass. “At the very least they are feeling the pain after the last major dip in price. Couple this with a downwards difficulty adjustment – indicating miners powering off – and it seems miners may be hitting a wall in profitability.”
Related posts
-
Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City
Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the... -
Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the... -
Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?
Este artículo también está disponible en español. Ki Young Ju, the founder of the on-chain analytics...