Bitcoin’s low volatility managed to attract both retail and large investors that have been capitalizing on the opportunity to buy into the cryptocurrency Miner selling pressure reduces as revenues continue to grow Recent data from Glassnode, suggested that Bitcoin’s [BTC] volatility declined significantly over the last month. This low volatility attracted both retail and large […]
Although interest from both large addresses and retail investors may be beneficial for BTC in the short term, a large concentration of Bitcoin being held by BTC whales could make retail investors vulnerable to sudden price movements. These movements could be a direct outcome of whale behavior.Miner interest could also increase along with retail interest. This was because miner revenue was on the rise.
increased from 573 BTC to 978 BTC over the last few weeks. A growing miner revenue could reduce the selling pressure on Bitcoin miners.Furthermore, the mining hashrate, which measures the processing power of the Bitcoin network, also increased by 0.87% over the past month. A high hahsrate suggests that the BTC network continues to be very secure.. Which stated that it mined 3,568 Bitcoin in 2022, increasing its reserves by 65% in 2022 to 9,086 BTC.
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