Bitcoin Miners Are Not Selling All Their Coins

in LeoFinancelast month

Lisa Walters reports in coinquora.com that Bitcoin miners are accumulating part of their Bitcoins they mined lately.

Based on data from Glassnode "Miners have added another 8,874 BTC to storage. Miners’ storage of BTC will also raise prices."

"This is the first time since December 27 that miners are choosing to store rather than sell their bitcoin. On Friday and Saturday alone, they added over 500 million dollars worth of bitcoin to their storage."

This will definitely push the Bitcoin price while the demand is at an all-time high. What is your take - how much will help to push the Bitcoin price, if any?

Source credit and full story - https://coinquora.com/glassnode-bitcoin-miners-accumulate-another-8874-coins/

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