According to the analytical company Glassnode, miners have been accumulating stocks of bitcoins lately, but long-term investors are selling their savings to fix profits.
In the report, Glassnode analysts emphasize that miners were selling almost all of the mined bitcoins in January, but in February they significantly reduced sales. And this is a good sign for Bitcoin – it means that miners expect a further increase in the price of the first cryptocurrency.
“This suggests that either even the sale of a small amount of bitcoins helps support the mining business, or that Tesla’s recent $ 1.5 billion purchase of bitcoins prompted miners to store BTC,” analysts say.
As for long-term investors, they take profits, and a gradual increase in the sale of bitcoins by such investors began in October 2020.
Earlier it was reported that the average income of Bitcoin miners on transaction fees is 0.97 BTC per block (about $ 48,000) and $ 20 per transaction. This indicates an increase in transaction volumes.
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