Well this is interesting... BTC Miners are suddenly no longer selling... what do you think that means? by jondoe

hive-101145 · @jondoe · Apr 3 '21

$296.16

Well this is interesting... BTC Miners are suddenly no longer selling... what do you think that means?

# Miners are usually the biggest net sellers, but they stopped selling recently...

Well this is interesting...

In what is one of the more bullish indicators I have seen over the last several days, BTC miners have suddenly changed their tune.

From the largest net sellers to holders, right before our very eyes.

Check it out:

![image.png](https://cdn.steemitimages.com/DQmNvyFhPsFtgTrYAYLqaYUfRBGFaJ46pz9fcBM5rs2jjtq/image.png)

(Source: https://twitter.com/mskvsk/status/1378071250132725763/photo/1)

Why do you think that is?

I have a guess!

Miners are actually a very good judge at what the price is about to do, perhaps they cause it?! If you go back and look at history, they tend to stop selling right before major runs and tend to sell in mass right before a big drop from a high.

Looking at the above data it looks like miners are expecting a big push up, or are are about to orchestrate one?!

Yep, I implied there is price manipulation at play here, cause there most definitely is.

Relax though, it happens in every market and in every asset class.

Basically, what I take away from this data is this...

If miners are no longer sellers, we probably shouldn't be either.

Buckle up!

👍 nutbox.mine, jondoe, bigram13, dobartim, hingsten, dragonslayer109, brian.rrr, sultan-aceh, bippe, treyball, xpilar, armentor, ctime, fijimermaid, brianphobos, tht, mmmmkkkk311, bigpower, ezzy, vlemon, dev.supporters, karja, darewealth, accelerator, radard, harkar, sakhone, hasenmann, bernardino, konti, dlike, meymeyshops, ahlawat, tresor, okoyejoshua, hopfarmnc, corndog54, bert0, laksamana-muda, maxuvd, ale.aristeguieta, bnk, nealmcspadden, lieutenantdan, ajlight, rossfletcher, chris77d, fortune-master, passion-fruit, leno4ek, honeysara, onos-steve, okoyeamaka11, enomujjass, silverd510, aceh.point, zacherybinx, bugabuga, rocketpower, okoyeclinton400, exyle, arvindkumar, datych, fth, and 48 others
👎 urjaru

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@abdollar · Apr 3 '21

Its a normal thing in business world,the higher the demand the higher the price goes , i think this is a good thing,i was starting to get worried about increase in supply....ps i don't think bitcoin will go down anytime soon..if Corona virus has done one good deed i say its done it to bitcoin price...

👍 oldmanlime

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@brianphobos · Apr 3 '21

Maybe this is when we get a solid run up to $65-70K

👍 oldmanlime

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@yusuf-ganteng · Apr 4 '21

pump and dump

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@jondoe · Apr 9 '21

The big run is coming.

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@jondoe · Apr 9 '21

Miners and long term hodlers are hodling.

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@jondoe · Apr 9 '21

To the moon starting next week, watch.

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