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August 9, 2022
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Bitcoin

Glassnode data shows that Bitcoin miners have accumulated another 8,874 BTCs

Is it time to accumulate again?

Miners continue to store their newly minted Bitcoin for storage, instead of selling it, and continue to increasing their BTC positions.

This is confirmed by recent Glassnode charts shared by Lex Moskovski, the CIO of the investment company of the same name.

Miners increase their Bitcoin stocks

Moskovski Capital’s CIO shared two Galssnode charts that show that the Bitcoin miner’s position indicator has turned positive.

According to these charts, cryptocurrency miners continue to accumulate Bitcoin instead of selling it. On Friday and Saturday, they added $ 523,647,640 in bitcoins to their long-term storage. This totals 8,874 BTCs.

Image via Twitter

As reported by U.Today before, miners started to accumulate instead of dumping BTC for the first time since the end of February.

Bitcoin hits $ 60,000 again before making a small setback

On April 2, the flagship cryptocurrency Bitcoin managed to bounce back to the $ 60,152 mark. However, he was unable to stay there and there was a slight setback.

The previous record of $ 61,876 was set on March 13th. The BTC has since visited the $ 50,000 level on March 25 and has recovered so far.

At the time of this writing Bitcoin is changing hands for $ 59,124 at the exchange Kraken.

Source: U.Today

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