NewsBTC
2021-12-10 19:00:56

Bitcoin Miners Hold Off On Selling As Their Reserves Reach 2021 High

On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem to be waiting before selling. There are two indicators of relevance here. The first is the “miner reserve,” which is a metric that simply measures the amount of Bitcoin that miners are currently holding in their wallets. An uptrend of this indicator implies miners are accumulating their coins rather than selling. On the contrary, a downtrend would suggest miners might be dumping their Bitcoin. The other indicator is the famous “Puell Multiple,” a metric that tells us how profitable miners would be compared to the last year if they sold all their mined coins today. The Puell Multiple’s value is calculated by taking the ratio between the daily value of issued coins and the 365-day moving average of it. Related Reading | Bitcoin Bottom Signal From Bear Market, Black Thursday Could Save The Bull Run Now, here is a chart that shows the trend in the value of these BTC indicators over the past few months: Looks like the value of the miner reserve has been going up recently | Source: CryptoQuant As you can see in the above graph, the BTC miner reserve seems to be increasing. T...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约