“Both large-scale entities and smaller players, who secure the network via mining pools, appear to be stockpiling bitcoin,” said Pete Humiston, manager at Kraken Intelligence, in an emailed statement to CryptoX. This “supply shock” seems to have contributed to bitcoin’s price gaining more than 50% for the month to date.
Crypto Miners Are ‘Stockpiling’ Bitcoin Amid Recent Rally, Kraken Says
