Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode
New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling.
Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as “massive” accumulation by miners.
Miners show no desire to sell
Bitcoin price may be disappointing spot traders this year, but long-time market…