Bitcoin Miner Reserves at Record Low The latest data from on-chain analytics firm Glassnode shows that the total number of bitcoins held by miners has dropped to a record low of 1.82 million. This means that miners are selling off more of their BTC holdings, signaling a potential shift in the market sentiment. High Volume of Miner OTC Sales According to the data, the daily volume of BTC miner OTC sales has reached its highest point since March. This further supports the theory that miners are liquidating their holdings, possibly in anticipation of a potential market downturn. What Does This Mean for Bitcoin? The decrease in miner reserves and increase in OTC sales could have a significant impact on the price of Bitcoin. With fewer bitcoins in the hands of miners, there is less supply available for sale. This could potentially drive up the price as demand remains strong. Twitter Buzzing with #BTCMinerReserves and #OTCSales As news of the record low miner reserves and high O...
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