- According to Lark Davis, Chinese miners are forced to either shut shop or move shop
- He said they are selling Bitcoin to either exit the market or move to another country
According to Lark Davis, Chinese miners are forced to either shut shop or move shop. He also added that they are selling Bitcoin to either exit the market or move to another country.
Lark Davis tweeted data from Glassnode showing Miner Net Position Change. Also, the data shows that the miner distribution over the past 2 weeks changed. It changed from positive to negative.
Chinese miners are being forced to either shut shop or move shop, the result has been that they are selling #bitcoin to either exit the market and recoup investments or to fund their move to greener pastures like Kazakstan or Texas. pic.twitter.com/sv3Mwz4on0— Lark Davis (@...
This article was first published on coinquora.com