G a a h2022-03-07

Despite fear in the market, Miners are prepared for Bitcoin volatility

Those who have been adding Bitcoin to their reserves are the Miners, and they are also pushing the network's computing power to historic records. In recent weeks, the Hashrate has reached as high as 212,000 Ehash/s. The behavior of this group may suggest lows for Bitcoin, as Halving directly impacts the supply of the asset in addition to the revenue of these guys. It has been quiet price volatility for them, their behavior in bottom regions is rational. Miners don't sell en masse in regions that show a bottom in the Bitcoin price. The last large exit of Miners was in late December 2020 when the price was breaking the previous all-time high, trading near $25,000. Since then there have been no more mass sales, plus the reserves are only at 0.65% of the level before the last big outflow. Around 41,000 BTC have been sold by Miners' wallets. Be prepared for price volatility, Miners are proof of this.