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Selling Pressure Decreases As Miners Start Accumulating Bitcoin After 5 Months of Dumping

Selling Pressure Decreases As Miners Start Accumulating Bitcoin After 5 Months of Dumping



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  1. tldr; Bitcoin miners are now storing the Bitcoin they are minting rather than selling it. The long-term holder net position change indicator has turned green for the first time in over five months. Bitcoin miners have added $523,647,640 worth of crypto to their holdings.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Yea seen a few stories around this situation miners are smart borrowing cheap cash and holding onto an appreciating asset. They can service the debt easily in the future and make a profit to boot. Soon instos are going to scramble to find bitcoins to buy, its going to happen very soon. And they will pay a premium to get a chunk of bitcoins in one go then scrambling round to buy separately.

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