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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode

Data shows lost and held Bitcoin hitting a one-year high, while miners opened the year by accumulating “massive” amounts of BTC.

New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling.

Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as "massive" accumulation by miners.

Miners show no desire to sell

Bitcoin price may be disappointing spot traders this year, but long-time market participants are anything but concerned.

In addition to strong hands or seasoned hodlers, miners are now no exception, increasing their BTC holdings considerably in the first two weeks of 2022.

Bitcoin miner net position change annotated chart. Source: Bitcoin Archive/ Twitter

The past five days have each seen more than 5,000 BTC per day land on miners' books, with accumulation in fact ongoing since before November's $69,000 all-time highs.

Further data from fellow on-chain analytics service CryptoQuant spotlighted the extent to which miners have regained their BTC real estate since May's China upheaval.

Total BTC reserves were 1.859 million BTC as of Monday, the most since a marked reduction at the end of 2020 after BTC/USD passed its previous all-time highs from 2017.

Bitcoin miner reserve chart. Source: CryptoQuant

Hodling the hardest since last January

Returning to strong hands, the proportion of the Bitcoin supply deemed either lost or ferreted away by long-term investors hit a one-year high this week.

Related: Bitcoin batters longs as liquidations copy May 2021 run to $30,000

Underscoring the conviction of hodlers, 7.27 million BTC is now off the market — possibly forever.

The metric also saw a bottom over the summer thanks to the price disruption wrought by China's ban on mining.

By contrast, Glassnode shows, an accumulation trend has been accelerating since $69,000.

Bitcoin lost or hodled coins chart. Source: Glassnode
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