Crypto Miners’ Activities Highly Affect Market; Says Analyst

• CryptoQuant shared an insight into the crypto miners’ selling activity claiming that it affects the market.
• The blog reiterated that the market is affected by the miners’ activities as they hold a large number of assets.
• A warning is given that it is better to manage risks in the upcoming weeks to prevent the bearish tendency of the market.

CryptoQuant, the on-chain data analytics platform, shared an insight into the crypto miners’ selling behavior, a blog written by the crypto trader Shayan, also known as Greatest Trader. In the blog, the trader affirmed that the selling behavior of crypto miners “deeply affects markets.

Notably, CryptoQuant, embedding the link to Shayan’s blog, tweeted on March 9 that it’s better “to watch out and monitor the miner’s selling behavior”:

Better to watch-out and monitor the miner's selling behavior!

"This shows that the recent bullish spike in #Bitcoin’s price has provided a great chance for the miners to offload their assets, controlling their mining expenses."
by https://t.co/IRPH72lJx4… https://t.co/YSD4ZwH1CH

— CryptoQuant.com (@cryptoquant_com) March 9, 2023

Significantly, the blog reiterated th…

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