In the latest analysis by Bitfinex Alpha, the exchange studied On-chain data from CryptoQuant showing that Bitcoin miners are withdrawing their funds from their wallets.
That miners are pulling their funds out of wallets redirects to a bearish bitcoin situation, which, according to the hypothesis put forward by Bitfinex Alpha may be due to the fact that "these miners may be planning to liquidate all their assets, either their Bitcoin reserve or their mining machinery that might have been included as collateral."
The "miners' reserve" indicator is responsible for showing the measurement of the total amount of bitcoin that has been withdrawn from each miner's wallets. If the value of this indicator increases, it means that the miners' wallets are receiving certain specific amounts of the digital currency.
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