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TechFlow news: James Butterfill, Head of Research at CoinShares, posted on X that although miners have sold over $1 billion worth of bitcoin this year—setting a new record—the figure is misleading because miners are also producing bitcoin at a record pace. Proportionally, miners have sold only 1% of their total holdings this year, compared to 2% in both 2018 and 2015.
CoinShares Head of Research James Butterfill stated on X that although miners have sold over $1 billion worth of Bitcoin this year—a record high—the figure is misleading because miners are also producing Bitcoin at a record pace. Proportionally, miners have sold only 1% of their total holdings this year, compared to 2% in both 2018 and 2015.
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