Bitcoin Recovery Gains Momentum as Miners Stop Selling

  • Bitcoin miners have finally stopped selling their Bitcoin (BTC).
  • Bitcoin accumulation has gone up as more investors are buying the dip. 
  • The amount of wallets hodling more than 1 Bitcoin have gone up significantly.

Bitcoin Archive tweets exciting news. According to glassnode, Bitcoin miners have finally stopped selling their Bitcoin (BTC). As of now, they have instead begun accumulating BTC. It seems that bearish times may be over for Bitcoin.

In response to the tweet, the crypto community seems to be collectively sighing in relief. In fact, many say that this is a good sign and expect the price of Bitcoin to continue its rise. Presently, the price of Bitcoin (BTC) is $20,357. 

While many expected Bitcoin to dip closer to $17,000, most now believe the fall is over. However, it seems we will have to wait and see. If more continue to hold and buy Bitcoin, it is likely that a bull run may be imminent. 

It seems many are beginning to see the eventual market recovery. For instance, crypto exchange Coinmena has just been granted a provisional licence to operate in the UAE. Meanwhile, luxury real estate broker Vietnam Homes has begun to accept Bitcoin. 

Indeed, it seems the crypto space is gradually entering a bullish market. After all, it seems that more and more investors are buying the Bitcoin dip. To highlight, Documenting Bitcoin also tweeted a similar chart. 

Specifically, the tweet explains that the number of addresses hodling more than 1 Bitcoin (BTC) has gone “parabolic”. To put it in numbers, it has gone up by +13,091 in the past week alone. In line with this tweet, many are responding by saying to keep an eye on altcoins as well. It is quite likely they will rally right behind Bitcoin. 

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.