Big Bitcoin miners are accumulating Bitcoin
According to Julio Moreno, head of research at cryptocurrency analytics firm CryptoQuant, has noted that bigger miners are currently in Meanwhile, smaller miners have been on a selling spree since the last halving event that took place back in April. Bitcoin Price Crashes as US Government Transfers $2 Billion Worth of BTC
As noted by Moreno, this"makes sense" since major publicly traded mining companies have reported higher reserves. Meanwhile, some of these companies are even buying Bitcoin. , cryptocurrency mining giant Marathon Digital recently acquired $100 million worth of BTC while embracing a"full HODL" strategy. The company intends to hold the coins that it produces while also making additional purchases.
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