Bitcoin Miners Send 14K BTC To One Block. Bullish News For The Market?
16 Luglio 2022 - 3:25AM
NEWSBTC
After the official US inflation numbers were released, bitcoin
prices started to rise. However, during the previous month, the BTC
miners have increased their outflow. A new set of tax policies
targeted at preventing domestic cryptocurrency mining were unveiled
by Kazakhstan, which is still a significant nation in the world of
Bitcoin mining. During a halt in worldwide activity and fire sales
connected to recent bankruptcy-related news, prices for Bitcoin
mining rigs are also said to have fallen to epidemic lows for 2020.
Most significantly, Texas power grid operators have asked all
Bitcoin miners to cease operations in order to lessen the strain on
a power grid that is already overloaded. Bitcoin Miners Inflow
Reach New ATH IT Tech reports that Bitcoin miners transferred over
14,000 BTC to an exchange in a single block. The transfer from the
miner wallet to the exchange was noted as being unfavorable for the
market. According to their definition of mining pool wallets in
their stats, all pool members—including the specific miner—are
included. One user did point out that those Bitcoin were not
reflected in the spot market or derivatives, though. Glassnode
reported that the BTC Miners’ Netflow Volume on a 7-day moving
average (MA) basis hit an all-time high (ATH) of $1,779,953. In the
first week of January 2022, an ATH of $1,700,940 was registered.
This outflow did not stop on the exchange wallet, according to Ki
Young Ju, CEO of CryptoQuant. It will probably end up in a
custodial cold wallet. This can be utilized as an OTC deal or as a
custodial service. In his opinion, the news is either bullish or
neutral. Miner just moved 14k $BTC: Poolin participants → Unknown
wallet It didn’t go to an exchange wallet but more like a custodial
cold wallet. It could be for using a custodian service or an OTC
deal. It’s neutral or bullish news. Nice catch @IT_Tech_PL
https://t.co/G25DsK2nR6 https://t.co/rYmqVaoTAR — Ki Young Ju
(@ki_young_ju) July 15, 2022 Related Reading | Mid Cap Crypto
Coins Lead In July, Best Way To Weather The Winter? Price May
Surge? Additionally, open interest is increasing, according to IT
Tech, and the market may soon experience growth. The Bitcoin miner
reserves have decreased during the last two weeks, according to the
study. This, however, may be a significant sign of waning
confidence in a price turnaround. Within the past 24 hours, the
price of bitcoin has increased by more than 6%. BTC is currently
trading for $20,953 on average. Its 24 hour trading volume is up by
2% to stand at $32.8 billion. BTC active addresses have grown
during the past 24 hours, says Santiment. The number was close to a
million at press time, compared to 860,000 on July 14. This
demonstrates that investor mood is quickly improving. Source:
Santiment The volume, which changed from 28.13 billion to 31.64
billion, is in a comparable scenario. For Bitcoin maximalists, the
increase in price over the past 24 hours on July 15 may be a sign
of relief. In reality, at the time of writing, Bitcoin’s market cap
has increased from $376 billion to $395 billion. BTC market cap
surges. Source: TradingView In the meantime, Anthony Pompliano said
in his analysis that the price of bitcoin is declining due to
rising inflation. It may be accurate, he continued, that it is not
a strong hedge against CPI. Related Reading | Bitcoin Price
Spends Four Weeks At 2017 Peak Prices, What Comes Next? Featured
image from Pixabay, charts from TradingView.com and Santiment
Grafico Azioni Flow (COIN:FLOWUSD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Flow (COIN:FLOWUSD)
Storico
Da Apr 2023 a Apr 2024