Miners Hodling Rates Increases.

[Twentyonepaylots]

Bitcoins became more precious more than ever. And with that the demand for it grew even greatwr as well. It is just logical that these guys won't sell immediately because thwy are well aware of what bitcoin can do, and as such will make sure that they have ample holdings before even selling one. This is both good and bad for bitcoin, because as scarcity increases, bitcoin's price will increase even more. But if bitcoin aren't circulated in the market, then we can't expect it to become globally adopted, and in the end to be a currency of the future.

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[Mauser]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

I think this is a good sign for bitcoins. If miners are not selling there coins right now they are hoping for higher prices in the future. Selling at the moment for $50,000 - $60,000 doesn't seem to be enough for them. Which would also mean that if prices were to drop to let's say back down to $10,000 or $20,000, then I wouldn't expect the miners to sell their coins either. After reaching these high levels now, people expect the bitcoin price to rise more in the future. A massive dumb doesn't seem likely in my opinion.

[avikz]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

It is generally positive. If miners are holding their mined bitcoin that means they are bullish about the market and that's why not rushing to convert their bitcoins to cash. So they are definitely expecting another rally in near future where they can get more money out of their mined bitcoin.

I believe Similar kind of positive vibes are all over the market now! So people are accumulating more bitcoin whenever they can at every price slide. There are definitely speculation ongoing for bitcoin to reach 75k by mid 2021.

[wxa7115]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

I see this as a positive sign, while it is obvious that at some point they are going to have to sell some of those coins to pay for their operations the fact they are still holding most of their coins tell us they are expecting for the price to go up during the next weeks and months.

Also by not selling their coins they reduce the amount of coins available on OTC markets and this can only mean one thing, the price is bound to go up, after all this also coincides with the information we have that a lot of coins are being moved out of exchanges which means that long term holding is becoming more prevalent among those that have large quantities of bitcoin.

[Ararbermas]

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

for me in my opinion i don't know if it's a good sign that the miners still keep holding their mined BTC. Especially despite of the current situation wherein some of investors are jumping out..because you know they're the only reason why there are some fluctuation in the market. So it's very suspicious. And in my view seems like they have another plans to do. Im hoping its positive because if it's not. expect more massive dumps of price soon or later.

[Beparanf]

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

for me in my opinion i don't know if it's a good sign that the miners still keep holding their mined BTC wherein despite of the current situation? ..because you know they're the only reason why there are some fluctuation in the market. So it's very suspicious. In my view seems like they have another plans.. Im hoping its positive because if it's not expect more drop of price soon or later.

As you can see in the chart. Miners are continuously selling there holdings since last year to take some profit. Its a good sign that they are holding because it will give scarcity again on the supply of BTC Circulating in the market which will drive the price up. This is simply the law of supply and demand to analyze what will be the effect of miners holding there token.

[lixer]

Well, maybe for now, because they have seen how the price moved to a new all time high, so I guess they are just holding and expecting more increase so that they can sell their bitcoins at a price that is worth more than what it was after being mined. I don’t know what may be the effect of their  action, but if I’m right this will lead to a decrease in the supply right? And when there is a decrease in supply the demand tends to surpass it and that means that the price will increase to match the level of demands.

Maybe this will lead to increase or maybe not, I can’t really predict where it will be heading to. And finally I don’t think miners can hold their coins for long, especially this time around that mining Bitcoin is really expensive than what it used to be. So, they are still going to sell them to cover their expenses.

[Karartma1]

It's a natural movement at the moment and I'm not worried if miners unload some ammos for sustuaning their businesses in the future. Don't forget that mining is a very complex business which involves a huge money and risk management to stay competitive as the hashrate grows so crazily.
I don't see this as a problem, really.

[magneto]

Very interesting stat.

I think that this, as well as the fact that exchange held balances are decreasing, paints a picture of a much more involved BTC investor community who is adopting the technology for the long haul as a store of value.

This poses completely different fundamentals to 2013, 2017, etc. when miners were simply in the game to make short term profits, and speculators stored funds on exchanges to take advantage of short term price fluctuations. Certainly a positive development.

[Noctis Connor]

Im a miner too and i really hold those i mine why? The main reason here is you already bought some of your miner with the minimum wage of gpu and now the bitcoin is really in to the highest level as you can see if you really did mine some of bitcoin last year or more than 2 years then you already had enough to trade or to buy another asset of miner since bitcoin price is in $50k right now and if you invested that into business is good as well like mine mostly this pandemic is you need to think more to gain profit than losing some of it.

[wxa7115]

in my opinion and a bad thing, when the miners decide to sell their reserves of bitcoin, which i imagine there are many there will certainly be a bad dump of btc on the market

I do not know how you can interpret this in a bad light, this is very similar to what we have been seeing with exchanges getting a huge outflow of coins from their system, this means those people that bought bitcoin are not willing to sell it anytime soon and are following the old maxim of “not your keys not your bitcoins”.

We are basically seeing the miners do the same, instead of sending their coins to exchanges to sell them they are keeping them because they are expecting for the price to go up during the next months, something that is incredibly likely if you watch the charts.

[jaberwock]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%.

If they are doing so there must be a reason and I think the trust in the future of bitcoin is the actual reason behind miners having more faith in the coins and not selling them immediately. I think the person who mines something, if they start valuing the coins then really those are great signs and I agree a dump might happen but all the miners together cannot decide to sell one a single day.

I am actually glad to see the data and knowing that miners are holding more coins gives me even more confidence to hold my coins. Most of the time miners are really professional like they will just sell at the current market price and make sure they remain in profit after paying all the electricity bills and other costs. If they are realizing that the price is not ideal for selling then obviously there is a strong reason for an average holder to tighten his grasp as well.

[tygeade]

in my opinion and a bad thing, when the miners decide to sell their reserves of bitcoin, which i imagine there are many there will certainly be a bad dump of btc on the market

Yes, but if they continuously sell it will still create a dump although regular and slower as compared to selling in chunks. I think miners have the right to sell when they want and no one should have a problem. Lesser mining dumps also mean that there is a scarcity of BTC which means higher the price. It is a really tricky situation, the longer they hold the better price we have for our coins as well but then at some point they will dump which is always the worry in the back of the mind.

It's a natural movement at the moment and I'm not worried if miners unload some ammos for sustuaning their businesses in the future. Don't forget that mining is a very complex business which involves a huge money and risk management to stay competitive as the hashrate grows so crazily.
I don't see this as a problem, really.

Also, there are so many miners and not everyone is holding so there is always some supply being thrown into the market which keeps things stable and with more and more investors and traders coming into the market, ultimately it won't matter too much about the miners holding coins.

[ene1980]

Also, there are so many miners and not everyone is holding so there is always some supply being thrown into the market which keeps things stable and with more and more investors and traders coming into the market, ultimately it won't matter too much about the miners holding coins.

I have no clarity on this regard, how you got these information that miners are holding the coins and some are selling them. There were reports in the past about PayPal approaching miners and collecting the coins from them at a margin and there will be huge OTC sales happening with freshly minted coins.
 
It is pretty logical to assume that if these huge miners are not selling their coins it will create a disparity in the market but i do think that these miners will be booking their profit to break even from the huge investment they made and pay the bills rather than holding the coins indefinitely.

[amishmanish]

THIS IS BULLISH AF!

Imagine, what would miners gain from dumping Bitcoin's price at a time when everyone from Investment bankers to technologists like Musk are talking about it? They'd in fact be losing the most if they plan for such a short term dump.

So to speculate in the glass half-filled manner, What if the miners are being contacted directly by OTC desks representing huge companies that want to acquire major stake in single deals? They don't want the average Joe's DCAing but just an agreement based sale. The companies would also want to get their hands on virgin bitcoin and not the UTXOs that have gone through all the grinding and mixing and trickle down as small Satoshis in our hands. The miners would need to HODL for that right??

So that's a bull prediction to 100K right there..!

[perfect999]

I have no clarity on this regard, how you got these information that miners are holding the coins and some are selling them.

We can simply find them on explorer. As bitcoin is trading stronger around $60k, I believe miners are making huge profits for the same (or with little enhancements) mining set up which are into business since last 6 to 12 months; which might lead to higher balances are resting on the mining addys compared to last years.

i do think that these miners will be booking their profit to break even from the huge investment they made and pay the bills rather than holding the coins indefinitely.

No miners could hold all the mining rewards indefinitely but definitely some portion of mining rewards if they add new machines according to total hash rate and most importantly they need to unplug some machines if bitcoin markets turns bearish and hash rates goes down.

[just_Alice]

Miners are people, like everyone else, so it's natural that they hodl now and are probably waiting from the elevation in price. Although, I am surprised by how many of them are going for it. How do they know that the price won't dump and they won't lose a lot of money? Where did that confidence come from?
I think it's more likely to be a bad sign, and we should probably keep track of their selling rates to be prepared for possible massive sellouts.

[CarnagexD]

They're probably waiting for a more opportune moment to finally sell some or even all of their tokens, these are people too and just like us regular bitcoin investors are probably waiting for a certain price point to be hit before finally opening the gates, to be fair it's quite easier for them to recoup their losses even if their purchases significantly lowers bitcoin's value, since they can just mine it back. But for us investors, we're not going to have a field day with this.

[Findingnemo]

Holding bitcoin to dump at the higher price could be the real reason why miners are holding but it is the actual reason why the price of bitcoin is stable now? I am not sure in the past we had similar situation or not but surely the dump will come when holders starts to dump their coins either who are miners or investors.

[ilovealtcoins]

Miners have been holding Bitcoin ever since and when they have enough money to cover the mining factories' costs. The miner's stop to sell Bitcoin is the driving force for Bitcoin's price appreciation in the long term. I am sure whales and sharks will continue to have Bitcoin value manipulation to create panic sell times to collect more Bitcoin. Look at the recent market dump, which lasted only a few hours or days.