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.
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