TSE Sponsored:Global Crypto Mining News (Aug 15 to Aug 21)
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1. The latest sell-off by BTC miners could force the price down in the short term, CryptoQuant analysts said in a research note. The data shows that miner reserves have been slowly increasing during the recent $18,000 and $22,000 consolidation phases, yet after the bitcoin price has rallied slightly to the $25,000 level over the past few weeks, miners have started selling off BTC assets, and if this continues then the selling pressure caused by these forced sellers could push the price down to the $20,000 mark in the short term.
TSE Sponsored:Global Crypto Mining News (Aug 15 to Aug 21)
TSE Sponsored:Global Crypto Mining News (Aug…
TSE Sponsored:Global Crypto Mining News (Aug 15 to Aug 21)
1. The latest sell-off by BTC miners could force the price down in the short term, CryptoQuant analysts said in a research note. The data shows that miner reserves have been slowly increasing during the recent $18,000 and $22,000 consolidation phases, yet after the bitcoin price has rallied slightly to the $25,000 level over the past few weeks, miners have started selling off BTC assets, and if this continues then the selling pressure caused by these forced sellers could push the price down to the $20,000 mark in the short term.