Coin Metrics’ Analysis of Miner-to-Exchange Flows

Whenever $BTC decreases, miner selling is almost always a factor that’s blamed. After all, they earn BTC-denominated revenue through block subsidies and transaction fees but must pay expenses—such as electricity, salaries and rent—using fiat currencies. But have you ever stopped to ask, “do miners deserve to be blamed whenever $BTC decreases?” Coin Metrics has been […]