CryptoQuant Analyst: Miners Will Ramp Up Bitcoin Selling as Bitcoin Price Falls
On 11 March, CryptoQuant analyst @IT_Tech_PL wrote an analysis of the increased bitcoin selling by miners as the price of bitcoin falls, with transfers from miners to trading platforms spiking as BTC fell to $77,000.
Miners being forced to sell could affect market liquidity and indicate that they are under financial pressure due to increased costs. Historically, miners have tended to sell more bitcoin when the price drops to cover operating costs.
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
US Secretary of State calls US-Ukraine Geneva talks "productive"
Over 1.2 million ETH have been bridged to the Linea mainnet
A whale address sold 32,195 SOL at a loss of $2.04 million
Trending news
MoreCrypto prices
More
