Miner revenue per Exahash has been dropping sharply since the beginning of the year. Revenue denominated in USD has seen significantly more volatility, spelling trouble for those that decided to sell their BTC holdings. On-chain data clearly shows miners have been capitulating en masse throughout the year. However, this doesn’t mean that they have been selling all their BTC. Also, Data analyzed by CryptoSlate shows that there has actually been a notable decrease in the amount of BTC miners have been selling since the beginning of the year. (cryptoslate)
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