The Mining Pod | Blockspace Media cover image

Mining Data & the Quest for On-chain Alpha | Karim Helmy, Sam Trabucco & Josh Frank | Compass Podcast

The Mining Pod | Blockspace Media

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Miners Selling a LOT of the Coin

Samuel: It's very hard to pin the overall market movements on miners in any meaningful capacity. If anything, it sort of suggests that miners typically didn't sell because they had a bunch of bitcoin to sell when something came up. I guess that the market kind of tops, maybe things got a litle overheated, and the sell off just happened to coincide with the news coming out of china. Or was like, mining actually, you know, a key capitalist for the huge market crash we saw a end of may into june,. Then took a good chunk of the summer there to recover from.

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