Bitcoin Miners Are Starting to ‘Hodl’ Again, but for How Long?

Bitcoin Miners Are Starting to ‘Hodl’ Again, but for How Long?
Crypto miners are starting the new year by increasing their accumulation of bitcoin, according to on-chain analytics firm Glassnode’s data. Amid the recent sharp drop in bitcoin prices, however, some miners might be forced to monetize their mined bitcoins.The “miner net position change,” which tracks the 30-day change in the net buying and selling activity in the miners’ addresses, has seen a large positive change since Jan. 6 and has been carried over well into the second week of January, while at the same time the bitcoin price tumbled to nearly $40,000.After the large spike in supplies held in miners’…