Luxor Technologies Hashrate Index Publishes Study On BTC Miners

[{"selector":"#anim-8188c388-bfed-4982-bbb0-c06a6f29c1d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f265b505-be38-44b1-8e55-cb2e54fffe1e","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ac38051-0f47-4370-ac86-c97b62763455","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3ae0b77-5e99-4541-9308-5665e4b7409b","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b17fa735-f6c3-4d2d-9bee-e2e1474e47fe","keyframes":{"transform":["translate3d(0px, 157.01932%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f78e755-42e2-4636-b818-c1daf0f243c5","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34db323d-761f-474c-81fc-d294ce00a4d0","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4aceafe-d420-41bb-a92a-e1626ef47722","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-648013b5-103c-4c19-8cb5-3f54307c42bc","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitcoin miners' impact on the market's selling pressure was examined in a blog post by Luxor Technologies' Hashrate Index, which offers high-quality mining analytics to cryptocurrency miners. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-2a78999d-9db1-4ba0-821d-843230f3b9dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-866e6e90-ba31-498b-a8ec-32733a344975","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dd0bb28-717a-4005-8a42-4dafbf855834","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f59efdb-89b3-4b2e-931f-31bdf5ff2c74","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d816c15-2979-4837-9df8-a14d0907a2f1","keyframes":{"transform":["translate3d(0px, 236.31165%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c7a1007-a5ec-48d5-a6be-923d29f2f8ba","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b88ad74-fd36-4de0-a93e-4e2e052308ed","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eea64c29-2617-4c6a-bc3a-a1610d81e13c","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f836db7-2702-4b87-b53d-0d5514385550","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Since miners are the net sellers of Bitcoin, the blog first proves that they routinely exert some selling pressure on the market. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-8ad20116-f9a9-4398-8b65-342b87bd85e3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1af06603-1565-499a-973e-ee0a7a301fbc","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-605d2fdc-c8d9-43e4-acfe-2d2f8f935960","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9f30220-c608-4338-8349-2d5b3c01f958","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1e9ca3df-1a1b-405d-abf7-2fcb520ff9fd","keyframes":{"transform":["translate3d(0px, 201.02713%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ce76afa-c1e4-4a66-b8f0-4763f4f4af6a","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1103d41a-0f8b-4709-b52f-fef175837691","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-90d76cb5-e2ae-41e7-8db4-51a267bb1b1e","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4740c428-384d-42f0-8ac5-5806846eb999","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Furthermore, whether and when the miners sell during a downturn market affects the strength of the selling pressure. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-7c8bdee1-b155-4df0-89ee-f794b5448616 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.467502792609274%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-72384aa0-e03b-42f5-b9d8-a03c496d3663","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63685564-8d49-4402-9eb7-4e74be287f06","keyframes":{"transform":["translate3d(0px, 148.36926%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45905383-065f-4439-9e63-8f1bb0d4a0de","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d317cadc-4f16-4edb-88cc-dc5f08af2d0a","keyframes":{"transform":["translate3d(0px, 148.55324%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42617100-8142-441c-b71a-72cab533c7f5","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-969e16a4-affe-4ebb-be68-74c2bdd6c53c","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9bb9114-58f9-460b-8fe3-c8914858d60b","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38e4ded7-f2b1-4c25-af4e-badde3a9493a","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The "hodl-at-any-cost" treasury strategy of BTC miners represents their propensity to sell the most valuable cryptocurrency during bull markets at the expense of doing so during bad markets. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-b4dcfeb1-506d-40b1-bf34-92ddff81f052 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-21.222856535735154%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-752412e1-ca98-4242-86a8-b12366a526c8","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6aec272-15e7-4d9c-a77b-cab972616937","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e812645-9477-4cfb-842d-6967fc72b99b","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3376a13-4128-4d85-a617-398a0168a6bf","keyframes":{"transform":["translate3d(0px, 173.94640%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4ae907d-45e2-4a9d-931b-7b6541635093","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d23dd517-f641-4ee0-9909-908cdc0da104","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-050b916f-b3f2-4d36-b8a2-bc508a4a4130","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd4356ba-23f5-4167-a34e-45025dca6dbd","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Although researchers believe that miners' selling pressure during bear markets has a negative impact on the price of Bitcoin, they have yet to confirm this. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-d6f5db41-fa2f-4aa8-9a0f-321ee4cfea9d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.259146362478827%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-360a5014-29a5-41b7-b084-77a250628692","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13b7b8a1-8efa-4bd7-a986-e5564dc6d916","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-109869b6-3249-43fb-9cb2-c1c543a8ea33","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a25d7c2b-577d-4d36-987c-7bb61c64eb2b","keyframes":{"transform":["translate3d(0px, 201.02713%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6005ffb1-4df9-4869-b9b6-a7a40b08bc6e","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91ea2d1a-40d8-45f3-9af7-ccdb64d8c6f4","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-68c75639-7d58-4d23-bf45-f451109501fc","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14f07166-8cea-4c2e-84eb-132ed26226e3","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Many people in the crypto world believe that miners control a sizable portion of the Bitcoin supply that is currently in circulation. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-79380a44-421d-42af-a1fe-a8ba210fd602 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-eca8538e-3253-4a39-9b02-805c7e914754","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-904c4352-c975-46ef-bc3e-fe3e38a71ffd","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-929a1bcf-d943-42c1-977c-36c581fca101","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b31c0feb-c43a-44ee-907f-694bc8e1e1e6","keyframes":{"transform":["translate3d(0px, 157.01932%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-944a49ca-1054-459b-aaa8-3bc6e1ec67d0","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-681cd5c0-3b31-4c51-bfd4-7adea859bc4c","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14f7accc-1547-4e91-9f3e-d15fc767e2fe","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf96639e-e4a2-41ce-ae99-a5e1ac780ad3","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Popular on-chain data tools like CoinMetrics and Glassnode, according to the article's author Jaran Mellerud, "certainly grossly exaggerate the miners' bitcoin holdings." futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-600990ad-e13c-440e-99b8-a110bd8dfb95 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-291d9bca-d5cc-45c3-87df-77c81f7f4ee3","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3333fa4b-61f3-4ccd-b993-c1afb7e63ac2","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15af89ae-d800-4827-9f6d-ccdcc5ae523f","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ea21bfc-7ed2-4412-8854-a0c39c486895","keyframes":{"transform":["translate3d(0px, 201.02713%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7b8f42e-575c-4f7d-a59a-47e4a5c7535e","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2128a45-9dfc-456d-8783-9133ac55c13f","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b52641a4-b8fc-4556-bb3f-ee3d034f18a2","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c3c37bd-6e36-4b27-84db-5dca9d0de661","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] But by obtaining information from publicly available miner holdings, he verifies estimations of BTC holdings made by miners. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-fee99a64-072b-4e0b-b317-ab9555ce32db [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-9.628378421012563%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f2804206-b80c-41fe-b1a3-f6383cbc3925","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-207e32d0-1566-4405-ad1a-98c8d0aa7687","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70ff764a-8c8f-4f84-8097-f1388ffd4c3b","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73ccc136-d79d-472f-b4f4-5d200aa8044e","keyframes":{"transform":["translate3d(0px, 173.94640%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72d6a296-6f88-4a14-824b-a02755c06124","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46df4d7d-9eb9-4eee-949d-343aa20e21fd","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b6804b1-50ce-4631-be97-cabf32722a0c","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a81aaaa-18af-492b-bb8e-25be07470e97","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Mellerud believes that the blog's estimate of miners' holdings at 30,000 BTC at 25% of bitcoin's hashrate as of December 1 is low compared to the metric platforms. futurewithcrypto.com/ Floral Separator Image credit- google images

[{"selector":"#anim-10b82724-aaa3-4139-a122-8b11ca78576c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(18.960618689400487%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e8277d86-4651-4950-af64-dac98be24f52","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb991839-7091-4eb7-b71c-252b71462c9d","keyframes":{"transform":["translate3d(0px, 158.56760%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75067453-69a9-4730-b300-63b09e88e374","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64baaec9-f5a3-425d-bb84-c948e14fb36a","keyframes":{"transform":["translate3d(0px, 173.25675%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cedb017b-2a70-4695-88b5-3b25d8efe60b","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ffe2e25-a755-4b59-8741-abf8057d48cd","keyframes":{"transform":["translate3d(0px, 193.86966%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fdd07ac1-eabe-4296-9e41-586a2d059ee0","keyframes":{"opacity":[0,1]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d90f9c32-f137-47c8-96d5-9492eee0e861","keyframes":{"transform":["translate3d(0px, 274.18288%, 0)","translate3d(0px, 0px, 0)"]},"delay":2000,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] He gives a midpoint estimate of 470,000 bitcoin, which, when compared to the 19.2 million now in circulation, represents barely 2% of the total. futurewithcrypto.com/ Floral Separator Image credit- google images

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