Bitcoin Miners Stop Selling Why It Is Bullish For Btc

This Declining Bitcoin Metric Could Actually Signal Bullish Future For ...

This Declining Bitcoin Metric Could Actually Signal Bullish Future For ... Bitcoin’s rally to a new all time high above $123,000 earlier this week has triggered a wave of profit taking. some of the market’s biggest players, including miners and long dormant whales, led the charge, according to cryptoquant. Bitcoin miners halting sales often signals a bullish trend, which could positively impact your portfolio, so learn what this means today.

Bitcoin Miners Stop Selling, Why It Is Bullish For BTC?

Bitcoin Miners Stop Selling, Why It Is Bullish For BTC? Bitcoin miners halt sales, accumulating 2,700 btc since april’s $75,000 dip. hash ribbons signals a bullish trend, with btc surging 20%. Bitcoin miners have stopped selling their btc in what may signal the end of a lengthy distribution streak. over the past month, miner wallet balances have increased by around 2,700 btc . Bitcoin has dropped into a bear market this month, and the world's largest crypto is on the verge of erasing its gains for the year. Fresh on chain data suggests that bitcoin may be preparing for its next bullish wave, as miners show a structural shift in behavior.

Bitcoin Miners Stop Selling, Why It Is Bullish For BTC?

Bitcoin Miners Stop Selling, Why It Is Bullish For BTC? Bitcoin has dropped into a bear market this month, and the world's largest crypto is on the verge of erasing its gains for the year. Fresh on chain data suggests that bitcoin may be preparing for its next bullish wave, as miners show a structural shift in behavior. Unlike past cycles, btc miners aren't dumping into rallies. cryptoquant has flagged a major change in bitcoin miners’ strategies, with implications that could reshape investor expectations for the current cycle. As market uncertainty deepens, bitcoin miners appear to be gradually reducing their holdings, signaling growing bearish sentiment and hinting at potential short term selling pressure. Following btc’s failure to breach $115,000, miners sold approximately $172 million worth of bitcoin — the largest outflow recorded in nearly six weeks. this suggests that some miners are seeking to lock in profits amid ongoing price instability. Despite the bounce, traders remain uneasy as bitcoin miners have been offloading coins at the fastest pace in nine months. the question is whether this signals the start of deeper trouble or if.

Bitcoin miners stop selling why it is bullish for BTC