Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish
The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining.
When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.
PayPal’s recent leap into the crypto market is helping to drive the current bitcoin rally, according to Pantera Capital.
Bitcoin may be rooted in blockchain technology, but it's evolved into something much more than code. That's why it's not easy to replicate.
Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.
Coin Metrics offers a standardized way of measuring the size and depth of digital asset markets with free float supply methodology.