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Mining Cryptonews

Bitcoin Miners See High Prices as 'Opportunity,' Become Sellers

Bitcoin (BTC) miners have once again turned into net sellers of bitcoin, with miner inventories dropping to levels not seen since early September. However, miners aren’t necessarily turning bearish “en masse,” although s...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin Miners See High Prices as 'Opportunity,' Become Sellers
Bitcoin (BTC) miners have once again turned into net sellers of bitcoin, with miner inventories dropping to levels not seen since early September. However, miners aren’t necessarily turning bearish “en masse,” although some are looking to offload “excess inventory,” according to an analyst.
According to the bitcoin data and research platform ByteTree, about 30% more BTC was sold than mined on Thursday, as more Bitcoin miners sent part of their holdings to the market....
Read More: Bitcoin Miners See High Prices as 'Opportunity,' Become Sellers

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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