Bitcoin (BTC/USD) Be careful with this information. Miners produce more bitcoin, but sell less. What does it mean?
We will analyze the bitcoin mined and the supply of bitcoin by the miners
Let's see
We saw last weeks how miners produced less bitcoin as a result of the cost of producing and at the same time sold more bitcoin than miners to pay their expenses.
Graphic Last Week
This gap between cost and benefit is being solved with the hast rate adjustments.
Graphic Difficulty settings
The last one was on June 4 and we are already seeing the results
![Captura de pantalla 2020-06-06 a las 6.57.51 p.m..png]
(https://images.hive.blog/DQmWtaJDYZJyuim5pco7bjeARMGxzFW4pxFvHCm6FssSMEg/Captura%20de%20pantalla%202020-06-06%20a%20las%206.57.51%20p.m..png)
The mined blocks increase by days, but at the same time they sell less bitcoin.
source graphics :https://terminal.bytetree.com/bitcoin
Mining graph per day and difficulty setting
In the graph we see how the mined bitcoin curve exceeds the difficulty adjustment curve
But the amount of Bitcoin sold is less than that produced
This causes the bitcoin offer to be lower in the market. That of continuing the following days with the same offer, this would put pressure on the price, before constant demand the price should rise
We must be attentive to this indicator because it is already indicating that with the difficulty adjustments, the mining capitulation, it may be ending and the miners retain their bitcoin to sell them at a better price.
And what do you think?
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