Bitcoin Miners Sold 5,700 BTC During July, New Report Finds - BitcoinEthereumNews.com
Bitcoinजुलाई के दौरान बिटकॉइन खनिकों ने 5,700 बीटीसी बेचे, नई रिपोर्ट ढूँढती है08 / 09 / 2022बिटकॉइन एथेरियम समाचार प्रति ए रिपोर्ट from Hash Rate Index, Bitcoin miners continued to sell their supply during July. These entities have been negatively impacted by the decline in the price of BTC, and an increase in their operation cost which has resulted in financial stress for their operations. So far, the report claims that Bitcoin miners have produced 3,470 BTC versus 5,767 BTC sold. This behavior has contributed to BTCs price 2022 downside price action and will continue to exercise pressure in the crypto market. As seen below, the top public Bitcoin miners have been selling their BTCs as production lags. Very few miners have been able to sell as much as they produce or not sell at all. The report claims that Core Scientific has been the biggest seller with 1,970 BTC dumped into the market versus 1,200 BTC produced. BitFarms and Argo follow with 1,600 BTC and around 900 BTC sold, respectively. Source: Hashrate Index The report claims that U.S.-based Bitcoin miners have been particularly affected. Operations in this country have been impacted by a “series of heatwaves” which forced them to reduce their operations or halt