CryptoSlate has analyzed nine of the top Bitcoin mining holdings.
At the start of 2022, Bitcoin holdings and production increased as ASICS sought new homes due to companies taking on cheap debt in 2021.
BTC holdings peaked in May. However, a stressful summer spread as energy costs rose.
Distribution was the name of the game in the second half of 2022. However, less than 60k #Bitcoin was sent to exchanges in 2022.
2023 started with the least miner selling pressure in 3 years, with only 88 Bitcoin sent to exchanges (7DMA).
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