News
Miners most likely behind the recent sell-off
According to ByteTree data, during the past week, 5 weeks and 12 weeks, miners have sold more Bitcoins than they have generated.
1 week -693 BTC ($6.16M*).
5 weeks -1275 BTC ($11.34M).
12 weeks -3828 BTC ($34.06M).
After comparing amount of BTC sold for 5 weeks and for the last week, it becomes clear that past 7 days were the most extreme in terms of miners sell pressure.
* USD equivalent of sold Bitcoins was calculated at the current price 8900$.
