{"id":392704,"date":"2022-01-12T01:30:00","date_gmt":"2022-01-11T22:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode\/"},"modified":"2022-01-12T01:30:00","modified_gmt":"2022-01-11T22:30:00","slug":"key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode\/","title":{"rendered":"# Key on-chain metric shows Bitcoin miners in \u2018massive\u2019 BTC accumulation mode"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3874c87506d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3874c87506d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode\/#Miners_show_no_desire_to_sell\" >Miners show no desire to sell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode\/#Hodling_the_hardest_since_last_January\" >Hodling the hardest since last January<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Key on-chain metric shows Bitcoin miners in \u2018massive\u2019 BTC accumulation mode <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling.<\/p>\n<p>Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Bitcoin Archive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1480904360230072324\">described<\/a> as &#8220;massive&#8221; accumulation by miners.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Miners_show_no_desire_to_sell\"><\/span>Miners show no desire to sell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin price may be dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing spot traders this year, but long-time market participants are anything but concerned.<\/p>\n<p>In addition to strong hands or seasoned hodlers, miners are now no exception, increasing their BTC holdings considerably in the first two weeks of 2022.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/ff2ad5f1-d4c6-4ea3-b97a-ac6414929581.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner net position change annotated chart. Source: Bitcoin Archive\/ Twitter<\/em><\/figcaption><\/figure>\n<p>The past five days have each seen more than 5,000 BTC per day land on miners&#8217; books, with accumulation in fact ongoing since before November&#8217;s $69,000 all-time highs.<\/p>\n<p>Further data from fellow on-chain analytics service <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/miner-flows\/miner-reserve?miner=all_miner&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=linear&amp;metricScale=linear&amp;chartStyle=line\">CryptoQuant<\/a> spotlighted the extent to which miners have regained their BTC real estate since May&#8217;s China upheaval.<\/p>\n<p>Total BTC reserves were 1.859 million BTC as of Monday, the most since a marked reduction at the end of 2020 after BTC\/USD passed its previous all-time highs from 2017.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/60d416d4-5cf4-4d48-af70-18451368008e.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner reserve chart. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Hodling_the_hardest_since_last_January\"><\/span>Hodling the hardest since last January<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Returning to strong hands, the proportion of the Bitcoin supply deemed either lost or ferreted away by long-term investors hit a one-year high this week.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin batters longs as liquidations copy May 2021 run to $30,000<\/em><\/strong><\/p>\n<p>Underscoring the conviction of hodlers, 7.27 million BTC is now off the market \u2014 possibly forever.<\/p>\n<p>The metric also saw a bottom over the summer thanks to the price disruption wrought by China&#8217;s ban on mining.<\/p>\n<p>By contrast, Glassnode <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1480936476812660739\/\">shows<\/a>, an accumulation trend has been accelerating since $69,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/e8ea253b-7374-45f7-8248-066f1e061214.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin lost or hodled coins chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/key-on-chain-metric-shows-bitcoin-miners-in-massive-btc-accumulation-mode\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Key on-chain metric shows Bitcoin miners in \u2018massive\u2019 BTC accumulation mode &#8221; New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":392705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvYzMyYjc3ODUtMzFiYS00NWIwLWEwM2EtMTRhM2UwYTYzMmMyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,74863,73785],"class_list":["post-392704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-cryptocurrencies","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=392704"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/392705"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=392704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=392704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=392704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}