<ul> 
 <li>Bitfinex’s recent report highlights the risk mitigation strategies of mining companies, which involve transferring Bitcoin to exchanges.</li> 
 <li>With an anticipated increase in corporate interest in Bitcoin by 2023, these companies are securing their positions to withstand potential crises.</li> 
 <li>The report also notes a new trend among miners, who are increasingly transferring their Bitcoin to derivative exchanges.</li> 
</ul> 
<h2 id="miners-secure-their-positions-amidst-anticipated-bitcoin-interest">Miners Secure Their Positions Amidst Anticipated Bitcoin Interest</h2> 
<p>Bitfinex’s latest report sheds light on the risk management strategies of Bitcoin mining companies. To ensure stability in the face of potential crises, these companies are moving their Bitcoin assets to exchanges. This move is seen as a protective measure, or ‘hedge’, to safeguard their positions.</p> 
<h3 id="poolin-leads-in-bitcoin-sales">Poolin Leads in Bitcoin Sales</h3> 
<p>The report identifies Poolin as the company selling the most Bitcoin to exchanges. This trend is a testament to the increasing trust in the mining sector, which continues to attract more investments. However, alongside these investments, miners are also securing their positions by transferring Bitcoin to exchanges and occasionally making sales.</p> 
<h3 id="emerging-miner-behavior-moving-bitcoin-to-derivative-exchanges">Emerging Miner Behavior: Moving Bitcoin to Derivative Exchanges</h3> 
<p>The report further reveals a new trend among miners: they are increasingly moving their Bitcoin to derivative exchanges. As of the first week of July, there has been a total transfer volume of 70,000 BTC at the 30-day level. Analysts note that such a large-scale transfer has not been seen before, indicating a potential shift in miner behavior.</p> 
<p>Poolin is reportedly responsible for the largest share of this massive BTC transfer, with the majority of the Bitcoin being moved to Binance.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/mining-firms-boost-security-by-shifting-bitcoin-to-exchanges-amid-rising-value/">Mining Firms Boost Security by Shifting Bitcoin to Exchanges Amid Rising Value</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Mining Firms Boost Security by Shifting Bitcoin to Exchanges Amid Rising Value

目次

COINOTAG NEWS

2023年7月19日公開の他の記事

Streamlining Crypto Wallets: Vitalik Buterin Unveils Ethereum’s Ambitious Plans

US congressman calls for an end to SEC’s crypto onslaught

Crypto Market News: When Will Bitcoin Price Hit ATH? 2023 or 2024?

Apple's Vision Pro: Unlocking New Dimensions in the Metaverse

JNJ Stock Price Prediction: JNJ Stock, Will It Rise Or Fall?

These 3 Cryptos Lead the Pack of the Next 50x Coins: Pepecoin, Apecoin and DigiToads.

ニュースレターを購読して暗号資産の最新情報を毎日入手！