The latest data from popular cryptocurrency company Glassnode reveals what Bitcoin miners are up to. The data shows that miners continue to accumulate BTC, adding another 8,874 BTC to their stash.
Since December, miners have started accumulating BTC instead of offloading it for the first time
Miners continue to store and raise their BTC positions rather than sell their newly mined Bitcoin. This was also confirmed by the latest glassnode data shared by Lex Moskovski, Glassnode's CIO. Moskovski capital's CIO shared two galssnode charts showing that the “Bitcoin miner position” indicator turned positive.
According to these charts, crypto miners continue to accumulate Bitcoin rather than sell it. Friday and Saturday, miners added $ 523,647,640 worth of Bitcoin to their long-term storage. This corresponds to 8,874 BTC. Kriptokoin.com as previously reported by, miners began accumulating BTC on February 27 rather than offloading it for the first time since the end of December.
Bitcoin breaks $ 60,000 again before experiencing a pullback
On April 2nd, the leading cryptocurrency Bitcoin managed to reach the $ 60,152 price mark. But the BTC could not be rectified there and a slight retreat took place. The previous all-time high, $ 61,876, was reached on March 13. BTC has since swung to $ 50,000.
Tech Oracle: Bitcoin Price Could See These Levels Next Week!
Bitcoin changes hands at $ 58,200. The flagship cryptocurrency currently has a market capitalization of $ 1 trillion. BTC manages a recent 24-hour trading volume of $ 60 billion with a market value at the time of writing.
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