Bitcoin miners continue to put their BTC in cold wallets as the Glassnode chart shows a huge green leap on this indicator.
The chart provided by the popular analytics aggregator Glassnode shows a massive increase in Miners’ net position change indicator.
This shows that BTC miners continue to put their newly mined Bitcoins into long-term cold wallets instead of selling them.
Miners Net Position Change index continues to be green
Glassnode data shared by Moskovski Capital’s CIO shows that miners are continuing to accumulate the world’s flagship digital currency and are now far from selling.
This indicator first turned green on February 27th this year and turned green for the first time since December 27th.
Bitcoin continues to recover after the last drop
The leading cryptocurrency continues to recover its recent losses. Bitcoin has so far climbed to the $ 54,767 area after dropping to the $ 47,000 level on Monday, according to data from CoinMarketCap.