Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG
© Copyright Image: CurrencyCrypt
Cipolaro advised against relying on blockchain data about miners moving assets without knowing the nature of those transactions. Identifying that bitcoins move to an exchange or OTC desk, even if done correctly, only tells us that coins moved. Thats it, he argued. They couldve been posted as collateral or lent out, not necessarily sold.
The post Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG first appeared on CurrencyCrypt.
Text source: CurrencyCrypt
