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22 April 2021

On-chain data shows Bitcoin miners are HODLers and accumulating

On-chain data shows Bitcoin miners are HODLers and accumulating


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On-chain data shows Bitcoin miners are HODLers and accumulating.

Data from on-chain analytics platform Glassnode for the ‘Miner Net Position’ metric—which tracks miner addresses to show inflows/outflows—showed most miners were net holders of Bitcoin instead of selling the asset outright.

In January, miners were net sellers of the asset instead of holders as Bitcoin traded from $20,000 to over $40,000.

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