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Miners are hoarding Bitcoin from record daily earnings

Miners are hoarding Bitcoin from record daily earnings Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February. 9358 Total views News Bitcoin (BTC) miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges having plummeted nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March. Glassnode chief technology officer Rafael Schultze-Kraft noted several metrics pointing to recent miner accumulation including flows from miner addresses, unspent BTC supply and miner position net change.

Canada s Purpose Bitcoin ETF may be cutting into Grayscale s market share

Canada s Purpose Bitcoin ETF may be cutting into Grayscale s market share Following the launch of Canada’s first Bitcoin ETF, shares in Grayscale’s Bitcoin Trust have spent an entire month trading at a discount compared to spot BTC for the first time. 8244 Total views News For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month. Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March.

Crypto Newbies Selling While Long-Term Hodlers Maintain Course

Crypto Newbies Selling While Long-Term Hodlers Maintain Course
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