Bitcoin Miners Cash In on Price Surge: Holdings Drop to Lowest Levels Since 2019. The Role of Miners in the Bitcoin Ecosystem. Bitcoin miners play a crucial role in the cryptocurrency market, acting as the backbone of the Bitcoin network. Their actions often provide valuable insights into market health and trends. Recently, these miners have been decreasing their Bitcoin holdings significantly, reaching levels last seen in April 2019. This article explores the factors behind this trend and its potential implications for the market.
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