Miners maintain strong reserve despite strategic selling

Bitcoin miners profited from higher prices while retaining substantial reserves.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The crypto mining landscape has been anything but calm, with miners oscillating between hoarding and offloading their Bitcoin. Early in the year, Bitcoin's surge past the $100,000 mark didn't prompt a sell-off frenzy among miners. Instead, data reveals periods of significant accumulation, hinting at a strategic decision-making process. But what, exactly, triggered this accumulation and continues to bolster Bitcoin's price despite peak selling pressures from miners? Discover the strategic moves behind this unexpectedly buoyant market...