By Bitcoinist - 1 tau ki muri - Wā Pānui: 2 meneti
Bitcoin Miners Continue Distribution, Bad Sign For The Rally?
On-chain shows Bitcoin miners have been in a phase of distribution recently, a sign that could prove to be bearish for the price of the crypto.
Bitcoin Miner Reserve Observes Downtrend As Miners Look To DumpAs pointed out by an analyst in a CryptoQuant post, the latest selling from BTC miners may force the price down in the short term.
The “miner reserve” is an indicator that measures the total amount of Bitcoin currently stored in the wallets of all miners.
Ka piki ake te uara o tenei tohu, ko te tikanga kei te tuku moni nga kaikeri ki roto i a raatau putea inaianei. Ko te ahua penei, ka roa, ka waiho hei tohu mo te whakaemi mai i enei kaiwhakamana whatunga, na reira ka pai ake te utu mo te BTC.
I tetahi atu taha, ko te hekenga o nga uara o te ineine e tohu ana kei te whakawhitihia e nga kaikeri he maha o nga moni mai i o ratou rahui i tenei wa. I te mea ko te nuinga o nga wa ka tangohia e nga kaikeri a ratou BTC mo nga kaupapa hoko, ka taea e tenei momo ahua te heke mo te uara o te crypto.
Inaianei, he tūtohi e whakaatu ana i te ia i roto i te Bitcoin miner reserve over the last several months:
Looks like the value of the metric has been going down in recent days | Source: CryptoQuantKa kite koe i te kauwhata o runga ake nei, ko te Bitcoin miner reserves have been trending downwards during the past couple of weeks, while the price has been going up.
Ka tohu pea tenei ka uru mai nga kaikeri ki te tohatoha i nga wa tata nei, me te tango i nga utu teitei ake.
Ko tenei hoko mai i nga kaikeri ka taea te whakaheke i tenei huihuinga hou me te whakaheke i te uara o te moni, ahakoa mo te wa poto.
The reason behind such dumping from this cohort is the recent shrinking revenues in Bitcoin mining. Many miners might need to sell more than usual to pay off their running costs at these lower revenues.
Ko etahi atu o nga kaikeri keri he toenga utu mo o ratou keri keri na reira me hoko atu ano o ratou rahui hei utu i a ratou i roto i te taiao o naianei.
Taurangi BTCI te wa e tuhituhi ana, BitcoinKo te utu mo te $24.5k, ka piki 6% i nga ra e whitu kua hipa. I roto i te marama kua pahure ake nei, kua whiwhi te crypto 21% i roto i te uara.
Ko te tūtohi i raro nei e whakaatu ana i te ia o te utu o te moni i roto i nga ra e rima kua hipa.
The value of the crypto seems to have been moving sideways since the rise a few days ago | Source: BTCUSD on TradingView Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, CryptoQuant.comKuputuhi taketake: Bitcoinko