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100%: Public Bitcoin miners sold almost everything they mined in 2022

Published 12/27/2022, 09:38 PM
Updated 12/27/2022, 11:20 PM
© Reuters.

Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created "a persistent headwind" for the Bitcoin price or not.

Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was sold off.

Miner reserves vs Bitcoin price from Jul. 1 to Dec. 28. Source: CryptoQuant.

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Latest comments

they must think the prices will drop further! this might be the end of the crypto craze! a fad like tulips with no useful purpose!
wrong read the world news get info USA creating programable tokens keep up .
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