Wenry
$BTC Flows seen On-chain - Miner
⛏ Bitcoin Miner Bitcoin Miner's $BTC sell peaked in 2021, and most of the volume released into the market at the time was very limited due to demand from institutional investors. Since then, Bitcoin Miner's $BTC holdings have increased again, and although the sales volume was not large in 2022, assets converted into USD are below 2020. From a technical perspective (TA), if the $BTC price is below 12K, the high volume of Bitcoin Miner is likely to come back into the market, but the ripple effect of selling pressure is expected to be lower than that of 2018~2019.