BTC comparison with hashrate and miners
Comparative chart of BTC value in USD (turquoise), hashrate (yellow), total value in USD withdrawn from BTC mining pools (blue), and value in BTC units withdrawn from BTC pools (orange).
The dashed red lines mark the dates of the halvings.
Although miners are withdrawing historically high amounts from mining pools (in $), the quantity in BTC is still not significant compared to other periods.
Historically, there is also no record of a greater demand for BTC withdrawal from mining pools before the halving; however, the price of BTC has never been so high compared to the last ATH before a halving. The high price of BTC may make it attractive for miners to sell before the halving, considering that the hash rate continues to rise (meaning more and more institutions are mining, as well as having more mining power).
The dashed red lines mark the dates of the halvings.
Although miners are withdrawing historically high amounts from mining pools (in $), the quantity in BTC is still not significant compared to other periods.
Historically, there is also no record of a greater demand for BTC withdrawal from mining pools before the halving; however, the price of BTC has never been so high compared to the last ATH before a halving. The high price of BTC may make it attractive for miners to sell before the halving, considering that the hash rate continues to rise (meaning more and more institutions are mining, as well as having more mining power).