Summary
- Bitcoin miners are reportedly strongly accumulating Bitcoin.
- The amount of Bitcoin miners transferred to exchanges is the smallest since April last year.
- The Bitcoin holdings of miners are nearing a low of 1.8 million BTC, and the selling pressure is also decreasing.
There is an opinion that Bitcoin (BTC) miners are accumulating Bitcoin.
On the 10th (local time), Satoshi Club stated on X, "Miners are strongly accumulating Bitcoin," adding, "The Bitcoin transferred by miners to exchanges is the smallest since April last year."
Furthermore, they elaborated, "The Bitcoin currently held by miners is at a historic low level of 1.8 million BTC," and "the selling pressure they exert on the market is also decreasing."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)