Crypto Winter Ends Era of Bitcoin Mining ‘Hodlers’

Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief

The liquidation of bitcoin holdings was particularly strong in June 2022, when miners sold 14,200 bitcoins, according to Zhao’s analysis. Roughly half of that was from now-bankrupt Core Scientific. Since then, miners tracked by Zhao have been selling 5,000 to 7,000 bitcoins per month, more than twice as many as they were selling between January and May 2022.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.