Metric loss

Key on-chain metric shows Bitcoin miners are in BTC ‘massive’ accumulation mode

Posted on Author Lakeisha W. Loiselle Comments Off on Key on-chain metric shows Bitcoin miners are in BTC ‘massive’ accumulation mode

© Reuters.

New data show that (BTC) miners are hoarding more coins than at any time in the last five months, which could be a new signal that current prices are not set to sell.

Analyzing its miner net position change indicator on January 11, on-chain analytics firm Glassnode revealed which popular Twitter account (NYSE:) Bitcoin Archive describe as “massive” accumulation by miners.

Annotated chart of bitcoin miner net position change. Source: Bitcoin Archive/Twitter
Bitcoin miner reserve board. Source: CryptoQuant
Table of coins lost or blocked by Bitcoin. Source: Glassnode

Continue reading on Coin Telegraph

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Lakeisha W. Loiselle
https://metricsucks.com

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