Tag: bitcoin miners

Feb 16 2021

Bitcoin Miners Selling Slows Down as Miners Net Position Close to Neutral

Bitcoin price attained a new all-time-high just $60 short of the $50,000 mark post which the price saw a minor correction of $1,000. The top cryptocurrency still looks quite bullish as miners' selling has slowed down significantly which is a bullish sign suggesting miners are expecting the price to go further up. The net position The post Bitcoin Miners Selling Slows Down as...

Bitcoin (BTC) Futures Open Interest Tops $17 Billion, December 2021 Futures Trading $10K Above Spot Price

Earlier today, Bitcoin (BTC) topped $50,000 levels hitting its new all-time high along with stablecoin reserves at the exchanges moving to all-time highs. The world's largest cryptocurrency now is just short of becoming the first...

Feb 15 2021

After Bitcoin (BTC) Fails to Breach $50K, It Finds Strong Support At $46K

On Sunday, February 14, the Bitcoin (BTC) price shot to its new all-time high above $49,450 levels in a rally supported by strong buying on Asia exchanges. However, Bitcoin (BTC) failed to breach $50,000 levels and has seen minor pullback...

Jan 30 2021

Bitcoin Transactions by BTC Miners to Exchanges Hit One Year High

Summary: The number of Bitcoin transactions by BTC miners to all crypto exchanges has hit a yearly high Selling could be linked to profit-taking ahead of the Chinese new year that begins next month Bitcoin analyst, MagicPoopCannon, forecasts a dip to $22k before any further growth by BTC The month of January 2021, has seen record levels of Bitcoin transactions by BTC miners...

Jan 26 2021

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Some institutions have paused their buying, at least for the moment.

Bitcoin Miners Have Been Selling their Bags Since BTC hit $42k

Quick take: Bitcoin Miners' Position Index has hit an 8 year high According to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42k The selling is ongoing and the main reason BTC is bearish at least in the short term Over 116k BTC options expire this Friday and could bring additional selling pressure However, institutions are still buying...

Jan 14 2021

Bitcoin Miners Aren’t Responsible for Recent Price Dips, Data Shows

Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price.

Bitcoin Mining with Solar Power – is it worth it?

Electricity is required to secure the Bitcoin blockchain. Lots of electricity! As a miner, you always have to be careful not to take in more Bitcoin than you ultimately need to cover costs, otherwise, you...

Nov 19 2020

Bitcoin Whales Dominate BTC Price Movement and Ownership Even Today

Bitcoin (BTC) journey over the last month has been absolutely phenomenal as the world's largest cryptocurrency trades close to $18,000. Surging over 60%, BTC has caught the attention of retail investors and institutions alike....

Nov 18 2020

Bitcoin’s Rally Could Be Caused by a Supply Crunch in China

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.

Nov 17 2020

Weekly Per Hour Bitcoin (BTC) Purchase Jumps 50%, Net Buyers Dominate Miner Selling

Bitcoin (BTC) price hits its new 2020-high as it inches closer to the $17,000 mark. At press time, Bitcoin (BTC) is trading at $16,615 with a market cap of $310 billion. Over the last month, the BTC price has appreciated over 50% as the...

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