This marks the first rally in weeks as the crypto and stock markets have largely struggled to regain upward momentum following a broader sell-off.
The cryptocurrency market is once again on the road to recovery after a bearish streak, but the bullish trend has not yet affected all of its participants.
In addition to this, more than 60% of Bitcoin held in wallets hasn’t witnessed any activity in the last year and more.
Bitcoin miners have been distributing their holdings of BTC during the recent sell-off, albeit at a slower pace compared with earlier this year.
Miners’ balances have recently declined at a peak rate of 5k to 8k $BTC per month .
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