One of the common dynamics to occur in every cycle of cutting the issuance of new BTC is the significant selling pressure exerted by miners.
This type of movement seeks to capitalize before a reduction in revenue and ends up penalizing the market in the short term.
On average over the last month, around 374 BTC were sent daily to spot exchanges, a value well below the 1388 BTC registered in February.
It is possible that the selling pressure has already been executed in advance by miners, something that could benefit the market in the short term, especially when there is already significant pressure on the market due to the feeling of risk aversion.
Written by caueconomy
