Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin's Current Price Impacted By Miners?
by
eskider
on 03/07/2020, 03:31:00 UTC
An article on cointelegraph states:Bitcoin’s recent price action could relate to miner selling.

Quote
Mike Alfred, co-founder and CEO of data analytics outfit Digital Assets Data, recently pointed toward miners as a potential catalyst for recent Bitcoin (BTC) price activity.

“It is tough to say definitively, but it appears as though the miners' actions are having a direct, immediate impact on price,” Alfred told Cointelegraph on July 1.

“This is especially evident during outlier events like on the 23rd, where we saw miners offload >300% more BTC than they mined that day,” he added, referencing June 23 activity.



How do you think about this?

Quote