View full page at cryptocraft.com

 

Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in

From cointelegraph.com

Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource CryptoQuant, the past few days saw vast outflows from mining pools, which in turn corresponded to BTC/USD shedding 20% in a week. F2Pool daily outflows hit 10,000 BTC Beginning Jan. 15, outflows from F2Pool — currently the largest mining pool comprising roughly 15% of total hash rate — in particular, began to rise. By Jan. 17, daily outflows had reached 10,000 BTC ($313 million), these continuing for ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis