15-05-2023 16:30 via newsbtc.com

Bitcoin Miners Continue To Sell, Bearish Sign?

On-chain data shows that Bitcoin miners have continued to sell recently, something that could be bearish for the cryptocurrency’s price.
Bitcoin Miners Have Been Shedding Their Reserves Recently
As pointed out by an analyst in a CryptoQuant post, there has been some intense pressure from miners in recent days. The relevant indicator here is the “miner reserve,” which measures the total amount of Bitcoin that’s currently sitting in the wallets of all miners.
When the value
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