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Bitcoin Miners Are Holding A Record-High Amount Of Bitcoin, Suggests Bullish Sentiment

Emily Mason

Summary: Bitcoin miners holdings have reached 2 million, a two-year high, data from Glassnode shows. The increased HODLing sentiment from Bitcoin miners comes as the currency is sustaining a price level above $11,000. Miners are holding more than 1.82 million Bitcoin continuing an upward holding trend among miners that began in September 2019. The percentage of ...

Bitcoin miners holdings have reached 2 million, a two-year high, data from Glassnode shows.

The increased HODLing sentiment from Bitcoin miners comes as the currency is sustaining a price level above $11,000. Miners are holding more than 1.82 million Bitcoin continuing an upward holding trend among miners that began in September 2019.

The percentage of all Bitcoin that have been inactive for at least one year has been on an upwards trend since hitting a four-year high in June. These metrics suggest that investor and miner sentiment is that Bitcoin's price will continue to rise. 

By Emily Mason

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