Why Bitcoin Miners Are Clinging to Their Coins Despite Soaring Values
An intriguing observation has been made by on-chain analysts regarding bitcoin miners' activities throughout this year Despite the cryptocurrency's impressive rally, there's a noticeable shift in the miner-to-exchange transfer rate This adjustment has caught the attention of market watchers, as it deviates from previous patterns observed during price increases in bitcoin's history Such a phenomenon raises questions and speculations about the future trajectory of the flagship cryptocurrency's market value and stability Understanding the Shift in bitcoin Miners' Behavior Traditionally, bitcoin miners have been known to transfer a larger portion of their mined BTC to centralized exchanges when the price of bitcoin spikes...
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