Miners have reduced bitcoin sales

Miners have reduced bitcoin sales

By Kluma | InterestingCrypto | 4 Jun 2020


The research company analyzed the June increase in the rate of the first cryptocurrency above $10,000 and told about the reaction of investors to this event

Miners play an important role in the bitcoin ecosystem, and analysis of their behavior allows investors to get an idea of the current situation in the market, analysts write Glassnode. They published a chart according to which in recent days, the largest mining pools have reduced sales of the first cryptocurrency. The smallest number has been fixed since may 14, when the price of the first cryptocurrency exceeded $9700.

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Experts also noted the influx of bitcoins to major exchanges during the recent growth of the rate of the first cryptocurrency to the level of $10,000. After the price of bitcoin fell to the level of $9500, the indicators returned to their previous values.

"The influx of bitcoins to the largest exchanges during the recent increase in the price of the cryptocurrency above $10,000. The graph clearly shows the reaction of investors to the recent price increase, " explained Glassnode.

The price of bitcoin rose to $ 10,380 on the night of June 2. Now the cryptocurrency is trading at the level of $9683, over the past day it has risen by 2%.

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