Kraken's Shocktober report-

mining, according to the latest secret service report by Kraken entitled "Shocktober", continues to collect Bitcoin. In the report, several key figures indicate an optimistic assessment for the coming months. In contrast, mining pool employees and small miners took profits that are more susceptible to sales due to market movements.

"Shocktober" report draws a bullish panorama

a new report output from the intelligence department of the US Börse Kraken indicates that mining operator and long-standing owner actively Bitcoin rally contribute this month. The report entitled Shocktober says that mining companies and giant owners cause an offer shock on the market that heated up the short -term rally this month.

According to a key figure called 1-year-old, which reflects the movements of the coins of long-term Bitcoin owners, these investors do not take any profits from this rally. The metric fell to 2,293.5 Bitcoin, the lowest level since August.

also another metric, btc hodl waves, the Bitcoin sales according to inhabitype found that the early investors from "old coins" (bitcoins with more than 6 months without movement) rose by 10.9 %. This implies that long -term investors did not sell their bitcoins during the sale in September.

Accumulate large miner btc

The mining situation is also relevant for octopuses. According to their studies, two different patterns appear. Bitcoin continued to stack large miners such as Riot, Marathon, Bitfarms, ARGO and HUT8 in unfavorable market moments. This is documented by another metric, the 0-hop care, which refers to the addresses that the mining subsidy receives directly from coinbase transactions.

This key figure has risen by almost 50 % since September, with the large mining companies, which are now mainly based in America, hold more than 20,000 Bitcoin that are not sold on the market in the foreseeable future. This contributes to the offered offer. However, small market participants took profits.

The 1-hop offer, an indicator that tries to pursue the movements of small miners and participants that are paid as part of a mining pool, shows that these miners have unloaded part of their profits. However, if this trend reverses, this could lead to an even larger offer shock that would lead the market even further up prices towards the end of this year.

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