Bitcoin ETFs have 4-8X more BTC price influence than miners — Research
Bitcoin miners’ “market influence” pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode.
Bitcoin (BTC) miners have increasingly little impact on BTC price action during sell-offs, new research confirms.
In the latest edition of its weekly newsletter, “The Week Onchain,” analytics firm Glassnode dispelled myths over Bitcoin miners driving markets lower.
Bitcoin miners may have seen tough times since the latest block subsidy halving cut the block reward by 50%, but they should be the least of bulls’ concerns.
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Author: William Suberg
