Miners are selling out bitcoins, and the number of “hodlers” has grown to record levels

JPMorgan: Bitcoin is trading 25% below the real value

Although the investment bank JPMorgan does not work with cryptocurrency, the company’s specialists occasionally provide analytics on it.

Miners push the market

Miners turned into sellers, exerting pressure on the market, says analyst CryptoKea. Over the past seven days, they have sold 955 coins over what they mined.

The number of “hodlers” increases to the levels of 2016

The number of coins that have not been moving for more than a year has reached 60%, according to cryptanalyst Philipp Swift. This indicates a significant increase in the number of “hodlers” — investors who prefer to hold coins for a long time.

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