Creative Interpretation: Miners' Bitcoin Inventory Drops to Lowest Level Since Early 2021 - What's the Motive behind the Shipment?

Bitcoin miners appear to be liquidating their Bitcoin inventory in preparation for the upcoming halving event. Data from Wintermute, a cryptocurrency market maker, shows that the quantity of Bitcoin held by miners has dropped to 1.794 million BTC this week, a decrease of 27,000 BTC compared to the balance in November last year. This is the lowest level since the beginning of 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …