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This selling activity comes as Bitcoin faces resistance around $87,000 after pulling back from highs above $90,000. Data from CryptoQuant confirms that Bitcoin miners Bitcoin miner sell pressure has declined after intense profit-taking by miners in November and December. Will BTC's recovery extend now? Today, a new drama unfolds, holding investors and analysts in suspense: an increased selling pressure exerted by Bitcoin miners. This situation, as electrifying as a Bitcoin (BTC) is facing increased selling pressure as miners offload their holdings, contributing to recent price declines. Data from CryptoQuant shows a surge in miner Negative miner netflow indicates increased selling pressure, possibly leading to further price declines for BTC. Bitcoin price briefly dropped below $80,000 on Bitcoin’s mining profitability at present is at its lowest throughout the year. Further considering the recent loss that these miners attained, the selling pressure is likely to According to the latest Bitfinex Alpha report, the volume of BTC transferred from miners’ wallets has slumped significantly, suggesting potential stabilization. Analysts said Analysts at CryptoQuant said that miners historically sell more Bitcoin during price declines to cover operational costs. These “forced sellers” contribute significantly to

Will $17K Bitcoin Trigger Recovery or Further Miner Selling Pressure?

Bitcoin's recent struggles have investors wondering: will the current $17,000 level trigger a recovery, or will it exacerbate miner selling pressure and push prices even lower? Today, a new drama unfolds, holding investors and analysts in suspense: an increased selling pressure exerted by Bitcoin miners. Bitcoin (BTC) is facing increased selling pressure as miners offload their holdings, contributing to recent price declines. Negative miner netflow indicates increased selling pressure, possibly leading to further price declines for BTC. Bitcoin price briefly dropped below $80,000 on.

Analysts are closely watching Bitcoin miner behavior for clues. Analysts at CryptoQuant said that miners historically sell more Bitcoin during price declines to cover operational costs. These “forced sellers” contribute significantly to downward price movements. Bitcoin’s mining profitability at present is at its lowest throughout the year. Further considering the recent loss that these miners attained, the selling pressure is likely to increase. This selling activity comes as Bitcoin faces resistance around $87,000 after pulling back from highs above $90,000.

Signs of Potential Stabilization?

While concerns remain, there are also indicators suggesting a potential slowdown in miner selling. Data from CryptoQuant confirms that Bitcoin miners Bitcoin miner sell pressure has declined after intense profit-taking by miners in November and December. According to the latest Bitfinex Alpha report, the volume of BTC transferred from miners’ wallets has slumped significantly, suggesting potential stabilization. Will BTC's recovery extend now? Data from CryptoQuant shows a surge in miner activity, but is it enough to offset the existing pressure?

The interplay between miner activity, overall market sentiment, and fundamental factors will ultimately determine whether Bitcoin can sustain its current level or succumb to further selling. Keep a close eye on miner netflow and wallet activity in the coming days for further insights.

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