An article on cointelegraph states：Bitcoin’s recent price action could relate to miner selling.
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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.
“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.
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