As $BTC hovers around the $23K mark, miner sales hit a three-year low. LedesmaLyllah reports.
as miners scale back sales of mined cryptocurrencies.
The token rose above $23,000 early Tuesday, amounting to a 30% rally in two weeks. On-chain flows tracked by analysts at cryptocurrency exchange Bitfinex show the amount of bitcoin transferred from miner addresses to wallets owned by exchanges has declined to multiyear lows. “Miners are also in better shape. Selling is now at a three-year low,” Bitfinex analysts said in a note Tuesday.
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