Miners’ Bitcoin (BTC) stock hits two-year high

Glassnode analysts estimate that bitcoin miners have accumulated 1.82 million BTC in their wallets. They have not had such a large total balance for the last two years.

The rise in bitcoin ownership by miners is due to two reasons. First, the transition to new generation ASIC devices, which have a lower cost of mining cryptocurrency.

Secondly, miners predict an increase in the price of bitcoin and therefore limit their sales in anticipation of a more favourable rate.
#Bitcoin #mining