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Bitcoin: Miners, HODLers remain bullish, but will that be enough
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ambcrypto.comBitcoin’s tussle with the red candlesticks has continued for the last fortnight. Yet again, after faking a recovery track, Bitcoin fell below the $46,000-mark on 20 December. With BTC testing the low $45,840-level at press time, the global crypto market cap fell by 3.06% on the price charts.
Nonetheless, with the larger macro-structure still leaning towards the bulls, where do we really stand with the festive season knocking on our doors?
Bitcoin miner revenue, after dipping on 16 December, picked up yet again while the Bitcoin miner unspent supply was sitting just 500 BTC below the all-time high level. These coins are issued to miners as a reward for solving a block, but have never been spent on-chain.
Notably, miners have started HODLing
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