Bitfinex: miners selling before halving limits BTC price
A market report from Bitfinex says that miners selling ahead of the halving is limiting the price of BTC. The analysts wrote: "The reduction in reserves suggests that miners are either selling their bitcoin holdings or are using them to raise funds. The primary use of this capital appears to be to upgrade machinery and mining facilities."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain "contract-quitting, spot-buying" whale address has accumulated 7,066 ETH in the past 5 days
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Trending news
MoreCrypto prices
More
