{"id":500019,"date":"2022-08-25T19:00:54","date_gmt":"2022-08-25T19:00:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=500019"},"modified":"2024-06-11T14:23:01","modified_gmt":"2024-06-11T14:23:01","slug":"bitcoin-bearish-signal-miners-continue-dump","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","title":{"rendered":"Bitcoin Bearish Signal: Miners Continue To Dump"},"content":{"rendered":"<p>Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins.<\/p>\n<h2>Bitcoin Miners Have Been Withdrawing From Their Wallets In Recent Days<\/h2>\n<p>As pointed out by an analyst in a CryptoQuant <a href=\"https:\/\/cryptoquant.com\/quicktake\/63075da4267b2b05b12f5321-BTC-miner-balance-is-again-in-the-negative-zone\" rel=\"nofollow\">post<\/a>, BTC miner reserves have been observing negative change recently, something that could lead to a decline in the price of the crypto.<\/p>\n<p>The &#8220;<a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-miners-hold-selling-reserves-2021-high\/\">miner reserves<\/a>&#8221; is an indicator that measures the total amount of Bitcoin currently present in the wallets of all miners.<\/p>\n<p>When the value of this metric goes up, it means miners are depositing more coins into their wallets right now. Such a trend, when prolonged, can be bullish for the value of BTC as it can be a sign of accumulation from these network validators.<\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong><em>Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-soaring-fed-chair-jerome-powell\/\"> WATCH: Will Powell\u2019s Friday Speech Send Bitcoin Soaring? Daily TA August 25, 2022<\/a><\/em><\/strong><\/div>\n<p>On the other hand, a decline in the indicator implies miners are transferring coins out of their reserves at the moment. Since miners usually take out their BTC for selling purposes, this kind of trend can prove to be bearish for the crypto.<\/p>\n<p>Now, here is a chart that shows the trend in the Bitcoin miner <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-bearish-signal-exchange-netflows-spike-up\/\">netflows<\/a>, a metric that records the percentage changes in the total miner reserves, over the last few months:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone aligncenter\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/35304\/quicktake\/XU7gfPxup_c3d43e4f1cc6e3b247f4a0349b30ad8989e97b8bb75f2fb35ab3eae8e33b1af1.png?resize=1074%2C473&#038;ssl=1\" alt=\"Bitcoin Miner Reserve Netflow\" width=\"1074\" height=\"473\"><\/p>\n<pre style=\"text-align: center\">Looks like the indicator has noticed negative changes in recent days | Source: <a href=\"https:\/\/cryptoquant.com\/quicktake\/63075da4267b2b05b12f5321-BTC-miner-balance-is-again-in-the-negative-zone\" rel=\"nofollow\">CryptoQuant<\/a><\/pre>\n<p>Negative miner netflows suggest the reserves are going down, while positive values mean they are registering an increase.<\/p>\n<p>As you can see in the above graph, the value of this BTC indicator had been above zero earlier in the month, but recently it has been underwater.<\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><strong><em>Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-watch-btc-facing-renewed-challenge-to-keep-price-above-20000\/\"> Bitcoin Price Watch: BTC Facing Renewed Challenge To Keep Price Above $20,000<\/a><\/em><\/strong><\/div>\n<p>This could hint that these miners have been dumping in recent days. As is apparent from the chart, whenever the reserve has seen negative changes in the last few months, the BTC price has taken a hit.<\/p>\n<p>This time as well the value of Bitcoin has recorded a decline while these latest red values of the miner reserve have persisted. It&#8217;s possible that if miners continue their trend of dumping, then the crypto may observe further drawdown, at least in the short term.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-nears-historical-bottom-territory-whats-next-for-btc\/\">Bitcoin&#8217;s price<\/a> floats around $21.4k, down 8% in the last seven days. Over the past month, the crypto has lost 4% in value.<\/p>\n<p>The below chart shows the trend in the price of the coin over the last five days.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-500038 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/chart-21.png?resize=460%2C159\" alt=\"Bitcoin Price Chart\" width=\"460\" height=\"159\"><\/p>\n<pre style=\"text-align: center\">The value of the crypto has been mostly moving sideways in the last few days since the plunge | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView<\/a><\/pre>\n<pre>Featured image from Joshua J. Cotten on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners Have Been Withdrawing From Their Wallets In Recent Days As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have been observing negative change recently, something that could lead to a decline in the price of the crypto. The &#8220;miner reserves&#8221; is an indicator that measures the total amount of Bitcoin currently present in the wallets of all miners. When the value of this metric goes up, it means miners are depositing more coins into their wallets right now. Such a trend, when prolonged, can be bullish for the value of BTC as it can be a sign of accumulation from these network validators. Related Reading: WATCH: Will Powell\u2019s Friday Speech Send Bitcoin Soaring? Daily TA August 25, 2022 On the other hand, a decline in the indicator implies miners are transferring coins out of their reserves at the moment. Since miners usually take out their BTC for selling purposes, this kind of trend can prove to be bearish for the crypto. Now, here is a chart that shows the trend in the Bitcoin miner netflows, a metric that records the percentage changes in the total miner reserves, over the last few months: Looks like the indicator has noticed negative changes in recent days | Source: CryptoQuant Negative miner netflows suggest the reserves are going down, while positive values mean they are registering an increase. As you can see in the above graph, the value of this BTC indicator had been above zero earlier in the month, but recently it has been underwater. Related Reading: Bitcoin Price Watch: BTC Facing Renewed Challenge To Keep Price Above $20,000 This could hint that these miners have been dumping in recent days. As is apparent from the chart, whenever the reserve has seen negative changes in the last few months, the BTC price has taken a hit. This time as well the value of Bitcoin has recorded a decline while these latest red values of the miner reserve have persisted. It&#8217;s possible that if miners continue their trend of dumping, then the crypto may observe further drawdown, at least in the short term. BTC Price At the time of writing, Bitcoin&#8217;s price floats around $21.4k, down 8% in the last seven days. Over the past month, the crypto has lost 4% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto has been mostly moving sideways in the last few days since the plunge | Source: BTCUSD on TradingView Featured image from Joshua J. Cotten on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":500041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,85841,639,1119,1144],"class_list":["post-500019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bearish-signal","tag-bitcoin-miners","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Bearish Signal: Miners Continue To Dump<\/title>\n<meta name=\"description\" content=\"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bearish Signal: Miners Continue To Dump\" \/>\n<meta property=\"og:description\" content=\"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T19:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:23:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Bearish Signal: Miners Continue To Dump\",\"datePublished\":\"2022-08-25T19:00:54+00:00\",\"dateModified\":\"2024-06-11T14:23:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\"},\"wordCount\":413,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\",\"keywords\":[\"bitcoin\",\"Bitcoin Bearish Signal\",\"bitcoin miners\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\",\"name\":\"Bitcoin Bearish Signal: Miners Continue To Dump\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\",\"datePublished\":\"2022-08-25T19:00:54+00:00\",\"dateModified\":\"2024-06-11T14:23:01+00:00\",\"description\":\"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\",\"width\":2560,\"height\":1706},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bearish Signal: Miners Continue To Dump\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bearish Signal: Miners Continue To Dump","description":"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bearish Signal: Miners Continue To Dump","og_description":"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-08-25T19:00:54+00:00","article_modified_time":"2024-06-11T14:23:01+00:00","og_image":[{"width":2560,"height":1706,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Bearish Signal: Miners Continue To Dump","datePublished":"2022-08-25T19:00:54+00:00","dateModified":"2024-06-11T14:23:01+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/"},"wordCount":413,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","keywords":["bitcoin","Bitcoin Bearish Signal","bitcoin miners","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","name":"Bitcoin Bearish Signal: Miners Continue To Dump","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","datePublished":"2022-08-25T19:00:54+00:00","dateModified":"2024-06-11T14:23:01+00:00","description":"Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","width":2560,"height":1706},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bearish Signal: Miners Continue To Dump"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bearish Signal: Miners Continue To Dump","url":"http:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-miners-continue-dump\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bearish signal","bitcoin miners","btc","btcusd"],"dateCreated":"2022-08-25T19:00:54Z","datePublished":"2022-08-25T19:00:54Z","dateModified":"2024-06-11T14:23:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bearish Signal: Miners Continue To Dump\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bearish-signal-miners-continue-dump\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bearish-signal-miners-continue-dump\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bearish signal\",\"bitcoin miners\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-08-25T19:00:54Z\",\"datePublished\":\"2022-08-25T19:00:54Z\",\"dateModified\":\"2024-06-11T14:23:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/joshua-j-cotten-Mg3xtr_nUa8-unsplash-scaled.jpg?fit=2560%2C1706","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/500019"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=500019"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/500019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/500041"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=500019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=500019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=500019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}