that the recent BTC sold by miners was not insignificant by any means. At press time, Bitcoin miners had let go of 10,000 BTC as of 1 December. For the inflow, it was not close at all. The last time there was a significant inflow by miners was on 26 November when 2,569 BTC flooded in.This condition meant that miners may remain unprofitable for a period longer than expected.
Furthermore, the constant miner sending out implied that it was possible for either another drop in BTC’s price or a volatility increase. This was because the Miners’ Position Index relates to the one-year Moving Average . Hence, this could have propelled the miners’ action when compared with the declining supply.even though it had been in a similar state for months. According to Glassnode, the total revenue of BTC miners at the time of writing was 814.28 BTC.
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