News Explorer — Bitcoin Miners Have Slowed Down Their BTC Selling

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Jun 28, 12:03 pm

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Bitcoin Miners Have Slowed Down Their BTC Selling

New research from CryptoQuant suggests that Bitcoin miners are decreasing their selling pressure, indicating a potential upward trend for BTC and the broader market. Miners have been selling Bitcoin to cover operational costs following the halving event, but now there is a reduction in the amount of Bitcoin being transferred out of miners' wallets. If this trend continues, it could boost Bitcoin's price and potentially trigger a broader market rally.

New research from CryptoQuant suggests that Bitcoin miners are decreasing their selling pressure, indicating a potential upward trend for BTC and the broader market. Miners have been selling Bitcoin to cover operational costs following the halving event, but now there is a reduction in the amount of Bitcoin being transferred out of miners' wallets. If this trend continues, it could boost Bitcoin's price and potentially trigger a broader market rally.

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