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Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode -Breaking

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© Reuters.

According to new data, (BTCMiners have been hoarding greater quantities of coins in recent months than any other time over the same period. It could signal that prices at the moment are not available for purchase.

Glassnode analysed its miner net situation change indicator on January 11. This revealed which popular Twitter (NYSE) account Bitcoin Archive DescriptionAs “massive accumulation” by miners.

Annotated Chart: Bitcoin miner net position changes Source: Bitcoin Archive/ Twitter
Bitcoin miner reserve chart. Source: CryptoQuant
Chart showing how Bitcoin is lost and hodled. Glassnode