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via CryptoPotato · By CryptoPotato Editorial
2 Major On-Chain Signals Are Testing the Strength of Bitcoin’s Rally
CE
CryptoPotato Editorial(04:16 PM UTC)
1 min read
Bitcoin miners face substantial costs, including electricity and equipment repairs, which can prompt big sales when the cryptocurrency's price goes up.
Bitcoin miner flows to Binance hit 19,866 BTC recently, the closest any reading has come to 20,000 BTC since a spike above 25,000 in late August.
Add to that, Glassnode data shows…
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