100%: Публичные майнеры биткоина продали почти все, что они добыли в 2022 году
Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created «a persistent headwind» for the Bitcoin price or not.
Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was sold off.
Quote.
BTC miners sell roughly 100% of the coins they mine
The 10 public bitcoin miners
detailed here mined ~40.7k BTC and sold ~40. 3k in 2022
This is a persistent headwind for BTC and for no other reason a good thesis to be bullish the ETHBTC ratio trade pic.twitter.com/L1iI6Z07p7
— Tom Dunleavy (@dunleavy89) December 26, 2022
End of Quote.
The reserves held by mining firms have decreased considerably during the latter half of 2022, particularly throughout November, as the crypto industry reeled from the effects of the FTX fallout.
Miner reserves vs Bitcoin price from Jul. 1 to Dec. 28. Source: CryptoQuant.
Dunleavy believes that miners consistently selling off newly produced Bitcoin places downward pressure on the price of the leading cryptocurrency.
However, some industry commentators such as BitMEX’s former CEO, Arthur Hayes, believe the selling pressure created by the increased sales of Bitcoin miners is negligible.
He opined in a Dec. 9 blog post that “even if miners sold all the Bitcoin they produced each day, it would barely impact the markets at all.”
According to Bitcoin Visuals, on Dec. 26 the daily trading volume for Bitcoin was $12.2 billion. The outflow from miners on the same day, according to CryptoQuant, was 919 BTC ($15.35 million), which represents just 0.13% of the total volume traded.
Miner’s reserves have rebounded slightly during December, increasing by nearly 1%. The figure contributes to the view shared in a Dec. 27 post by crypto analyst IT Tech that the situation for miners appears to be stabilizing.
Quote.
#Bitcoin miners — update. Is there anything to worry about?
1.
Miner Outflow
Miner Inflow
Miner Reserve
White line on the bottom — miner to Exchange flow
2. Mining difficulty
3. Miner selling power
4. Hashrate 7D MA
Full analysis IT Tech (@IT_Tech_PL) December 27, 2022
End of Quote.
Miners have faced significant headwinds throughout the year, with high electricity prices, falling crypto market prices and a higher mining difficulty eating into their bottom line.
Поскольку стоимость добычи для майнеров растет, а цена Биткоина снижается, майнеры, такие как Core Scientific, были вынуждены продавать часть своих запасов в убыток для финансирования текущей деятельности и усилий по расширению.