CryptoQuant: Bitcoin Miners Stop Selling as Daily Revenue Jumps 78%
- —Miner daily revenue rose 78% from $27M in July to $48M
- —Hashprice briefly topped $40, the highest since January
- —Hashrate recovered from 899 EH/s on July 31 to 962 EH/s
- —Satoshi-era miner selling fell to 600 BTC in September from 2,000 BTC in January
Why it matters: Easing miner selling removes a key source of supply pressure that weighed on BTC during the bearish phase.
Source: Blockmedia