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23 April 2021

Miners are hoarding Bitcoin from record daily earnings

Miners are hoarding Bitcoin from record daily earnings


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Glassnode CTO Rafael Schultze-Kraft, notes several metrics pointing to recent miner accumulation — including flows from miner addresses, unspent BTC supply, and miner position net change.

Glassnode’s data shows that unspent supply — BTC that has never been transferred from the (miner’s) original recipient address — has begun to rise after seeing a sharp drop in January, when 15,000 previously dormant coins were moved from mining addresses for the first time.

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cointelegraph.com
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