๐ Bitcoin miners are holding their breath, and their coins, since the halving. Mining rewards were cut in half, making older mining machines as useful as a chocolate teapot. ๐ซโ๏ธ This led to a decrease in mining activity and an increase in OTC sales to cover costs. But, the sell-off is slowing down, with miner withdrawals dropping by a whopping 90%! ๐ธ
So, what does this mean for us, the crypto enthusiasts? Well, the selling pressure is weakening, and if this continues, we might just see Bitcoin's upward rally kick into gear again. ๐
What's your take on this? Do you think the miners are playing it smart or just playing it safe? Let's hash it out in the comments! #Bitcoin #CryptoNews #DeFi #Web3 #Technology