Bitcoin miners have no effect on market actions: Glassnode

Bitcoin miners don’t sway the market as much as you think. According to Glassnode, miners’ influence has dwindled. They’re now overshadowed by big holders like centralized exchanges, ETFs, and governments. Miners don’t run the show anymore Over time, entities like the Mt. Gox trustee have held large amounts of Bitcoin, especially after the exchange’s collapse.

Source: Cryptopolitan