CryptoSlate has analyzed nine of the top Bitcoin mining farms.
As 2022 began, Bitcoin holdings and production rose as ASICS searched for new homes as companies raised cheap debt in 2021.
Public mining company Bitcoin Holdings / Source: Glassnode
BTC holdings peaked in May. However, a stressful summer saw distribution as energy costs rose.
Distribution was the name of the game in the second half of 2022. Yet less than 60k #Bitcoin was sent to exchanges in 2022.
2023 has started with the least amount of selling pressure from miners in 3 years, with only 88 Bitcoin sent to exchanges (7DMA).
Bitcoin – Transfer volume from miners to exchanges – all exchanges (7-day moving average) / Source: Glassnode
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