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🚨 Satoshi-Era Miner Moves 2,000 $BTC from 2010 #Miners  are still selling. An early #Bitcoin miner just moved 2,000 BTC that was mined in 2010 and never touched until now. Some of these coins are now on exchanges. $BTC
🚨 Satoshi-Era Miner Moves 2,000 $BTC  from 2010

#Miners  are still selling. An early #Bitcoin miner just moved 2,000 BTC that was mined in 2010 and never touched until now. Some of these coins are now on exchanges.

$BTC
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Fed Rate Hold: Friend or Foe for Crypto? The Federal Reserve's decision to likely hold interest rates steady throws some uncertainty at the crypto market. Here's what we know: Hold the Line: The Fed is expected to maintain rates between 5.25% and 5.50%, according to PANews. This could be a neutral sign for crypto. No Easy Button: While a rate cut (generally seen as positive for riskier assets like crypto) is unlikely, holding rates avoids the potential dampening effect of a hike. Economic Tightrope: The Fed is navigating a tricky economic landscape with inflation concerns. This ongoing uncertainty could keep volatility high in the crypto market. Bullish Whisper? Stagnant Rates, Not Rising Rates: Avoiding a rate hike could be seen as a small win for crypto bulls. Rising rates typically make riskier assets less attractive. Bearish Buzz? Lingering Uncertainty: The ongoing economic worries the Fed is grappling with could cast a shadow on the crypto market, keeping investors cautious. The Verdict: It's Complicated The Fed's decision is unlikely to trigger a major bull or bear trend in crypto. It's more likely to be a wait-and-see situation for the market. Investors will likely be looking for further signs from the Fed and the broader economy before making big moves. Stay tuned! The crypto market is known for its sensitivity to external factors. We'll need to see how it reacts to the Fed's decision and other economic developments. #BTC.😉. #HalvingHorizons #TrendingTopic #HalvingImpact #Miners
Fed Rate Hold: Friend or Foe for Crypto?
The Federal Reserve's decision to likely hold interest rates steady throws some uncertainty at the crypto market.
Here's what we know:
Hold the Line: The Fed is expected to maintain rates between 5.25% and 5.50%, according to PANews. This could be a neutral sign for crypto.
No Easy Button: While a rate cut (generally seen as positive for riskier assets like crypto) is unlikely, holding rates avoids the potential dampening effect of a hike.
Economic Tightrope: The Fed is navigating a tricky economic landscape with inflation concerns. This ongoing uncertainty could keep volatility high in the crypto market.
Bullish Whisper?
Stagnant Rates, Not Rising Rates: Avoiding a rate hike could be seen as a small win for crypto bulls. Rising rates typically make riskier assets less attractive.
Bearish Buzz?
Lingering Uncertainty: The ongoing economic worries the Fed is grappling with could cast a shadow on the crypto market, keeping investors cautious.
The Verdict: It's Complicated
The Fed's decision is unlikely to trigger a major bull or bear trend in crypto. It's more likely to be a wait-and-see situation for the market. Investors will likely be looking for further signs from the Fed and the broader economy before making big moves.

Stay tuned! The crypto market is known for its sensitivity to external factors. We'll need to see how it reacts to the Fed's decision and other economic developments.

#BTC.😉. #HalvingHorizons #TrendingTopic #HalvingImpact #Miners
What is a miner ? What? In cryptocurrency, a miner is a participant in the network who validates and processes transactions by solving complex mathematical problems. Who? Miners use powerful computers to compete with each other to be the first to solve these problems, and in return, they are rewarded with newly created coins and transaction fees. Why? This process is known as mining, and it is essential for maintaining the security and integrity of the blockchain network. #Miners
What is a miner ?

What?
In cryptocurrency, a miner is a participant in the network who validates and processes transactions by solving complex mathematical problems.

Who?
Miners use powerful computers to compete with each other to be the first to solve these problems, and in return, they are rewarded with newly created coins and transaction fees.

Why?
This process is known as mining, and it is essential for maintaining the security and integrity of the blockchain network.

#Miners
✅ 📊 Here is the chart of Average Bitcoin Production cost right AFTER the Halving for different companies! It varies from $36,800 to $62,800 with the average price of ~$40,000. It means that if Bitcoin doesn’t run strictly upwards right after the halving, many mining companies will be in loss. ❗️ #Write2Earn #TrendingTopic #BTC #Miners #BitcoinMining
✅ 📊 Here is the chart of Average Bitcoin Production cost right AFTER the Halving for different companies!

It varies from $36,800 to $62,800 with the average price of ~$40,000.

It means that if Bitcoin doesn’t run strictly upwards right after the halving, many mining companies will be in loss. ❗️

#Write2Earn #TrendingTopic #BTC #Miners #BitcoinMining
Empowering Connectivity: A Deep Dive into Wicrypt's Decentralized Internet Sharing NetworkIn the ever-evolving landscape of technology, Wicrypt has emerged as a groundbreaking player, offering a decentralized mobile internet sharing and monetization network. This blog post explores the key aspects of Wicrypt, delving into its unique features, the structure of its network, and its current market performance. Understanding Wicrypt: Wicrypt positions itself as a virtual Internet Service Provider, giving users unprecedented control over their mobile internet data. Unlike traditional ISPs, Wicrypt is both ISP agnostic and location agnostic, providing users with the flexibility to manage their data usage on their terms. The Wicrypt Protocol: At the heart of Wicrypt's functionality lies the Wicrypt Protocol. This protocol ensures end-to-end encryption of user data, allowing for secure internet usage. Moreover, it introduces a novel billing mechanism where users are charged based on the amount of data consumed, simultaneously crediting the host for their contribution to the network. Decentralized Network Architecture: Wicrypt's network is a decentralized ecosystem comprising routers (micro nodes) and connected clients, ranging from mobile phones and laptops to Smart TVs, Smart Watches, and IoT devices. These routers are powered by the custom Wicrypt Operating System, contributing to the network's robustness and efficiency. No Central Authority: One of the defining features of Wicrypt is its lack of central control. Users and hosts alike can acquire supported routers, install the Wicrypt firmware, and establish their WiFi zones. This open approach democratizes internet access, allowing anyone within the range of these devices to connect and enjoy online connectivity. Market Insights: Examining Wicrypt's market performance provides a glimpse into its acceptance and growth. As of the latest available data: Market Cap: $11,668,845, representing 4.59% of the total market.Volume (24h): $118,089, indicating an active trading market.Circulating Supply: 26,124,772 WNT, with a total supply of 200,000,000 $wnt. Price Performance: The 24-hour price range spans from a low of $0.4175 to a high of $0.5601. The all-time high, recorded four days ago, was $0.5927, reflecting a -26.97% change. The all-time low, observed four months ago, was $0.01186, showcasing an impressive +3550.3% increase. Conclusion: Wicrypt's decentralized approach to internet sharing marks a paradigm shift in how we perceive and access connectivity. Its unique features, coupled with a robust network architecture, position it as a formidable player in the evolving landscape of decentralized technologies. As Wicrypt continues to make waves, its commitment to user empowerment and secure, shared connectivity sets a promising precedent for the future of internet access. #wicrypt #Miners #PassiveIncome

Empowering Connectivity: A Deep Dive into Wicrypt's Decentralized Internet Sharing Network

In the ever-evolving landscape of technology, Wicrypt has emerged as a groundbreaking player, offering a decentralized mobile internet sharing and monetization network. This blog post explores the key aspects of Wicrypt, delving into its unique features, the structure of its network, and its current market performance.
Understanding Wicrypt:
Wicrypt positions itself as a virtual Internet Service Provider, giving users unprecedented control over their mobile internet data. Unlike traditional ISPs, Wicrypt is both ISP agnostic and location agnostic, providing users with the flexibility to manage their data usage on their terms.
The Wicrypt Protocol:
At the heart of Wicrypt's functionality lies the Wicrypt Protocol. This protocol ensures end-to-end encryption of user data, allowing for secure internet usage. Moreover, it introduces a novel billing mechanism where users are charged based on the amount of data consumed, simultaneously crediting the host for their contribution to the network.
Decentralized Network Architecture:
Wicrypt's network is a decentralized ecosystem comprising routers (micro nodes) and connected clients, ranging from mobile phones and laptops to Smart TVs, Smart Watches, and IoT devices. These routers are powered by the custom Wicrypt Operating System, contributing to the network's robustness and efficiency.
No Central Authority:
One of the defining features of Wicrypt is its lack of central control. Users and hosts alike can acquire supported routers, install the Wicrypt firmware, and establish their WiFi zones. This open approach democratizes internet access, allowing anyone within the range of these devices to connect and enjoy online connectivity.
Market Insights:
Examining Wicrypt's market performance provides a glimpse into its acceptance and growth. As of the latest available data:
Market Cap: $11,668,845, representing 4.59% of the total market.Volume (24h): $118,089, indicating an active trading market.Circulating Supply: 26,124,772 WNT, with a total supply of 200,000,000 $wnt. Price Performance: The 24-hour price range spans from a low of $0.4175 to a high of $0.5601. The all-time high, recorded four days ago, was $0.5927, reflecting a -26.97% change. The all-time low, observed four months ago, was $0.01186, showcasing an impressive +3550.3% increase.
Conclusion:
Wicrypt's decentralized approach to internet sharing marks a paradigm shift in how we perceive and access connectivity. Its unique features, coupled with a robust network architecture, position it as a formidable player in the evolving landscape of decentralized technologies. As Wicrypt continues to make waves, its commitment to user empowerment and secure, shared connectivity sets a promising precedent for the future of internet access.

#wicrypt #Miners #PassiveIncome
💥💥💥 Explosive Opportunity: Unlock VIP Mining Status with 50% Off on WhitePool – Limited Time Only! 💥💥💥 🔔 Recently, one of the biggest CEXs, WhiteBIT, announced the launch of WhitePool, a global mining pool within the WhiteBIT ecosystem. 💻 WhitePool allows miners to combine their computing power to increase their chances of finding new Bitcoin blocks, with rewards directly credited to their WhiteBIT account, eliminating network fees. 🔒 With top-tier security, the FPPS reward system, and a user-friendly interface, WhitePool is designed for professional miners seeking a reliable and efficient platform. 🚨To celebrate this event WhiteBIT gives a chance to join with VIP status and a 50% fee discount—just 1% instead of 2% for two months. 🎯 What to do? Sign up for WhiteBIT and complete KYC. Create a mining account on WhitePool. Connect at least one mining rig.Join our miners' community. ⏰ Start: August 1 (12 PM UTC) ⏳ Finish: August 31 (12 PM UTC) 🎁 Prize: 50% fee discount from August 1 to September 30 #Mining100Million #Miners
💥💥💥 Explosive Opportunity: Unlock VIP Mining Status with 50% Off on WhitePool – Limited Time Only! 💥💥💥

🔔 Recently, one of the biggest CEXs, WhiteBIT, announced the launch of WhitePool, a global mining pool within the WhiteBIT ecosystem.

💻 WhitePool allows miners to combine their computing power to increase their chances of finding new Bitcoin blocks, with rewards directly credited to their WhiteBIT account, eliminating network fees.

🔒 With top-tier security, the FPPS reward system, and a user-friendly interface, WhitePool is designed for professional miners seeking a reliable and efficient platform.

🚨To celebrate this event WhiteBIT gives a chance to join with VIP status and a 50% fee discount—just 1% instead of 2% for two months.
🎯 What to do?
Sign up for WhiteBIT and complete KYC. Create a mining account on WhitePool. Connect at least one mining rig.Join our miners' community.
⏰ Start: August 1 (12 PM UTC)
⏳ Finish: August 31 (12 PM UTC)
🎁 Prize: 50% fee discount from August 1 to September 30

#Mining100Million #Miners
"Unlock free DOGE mining and watch your coins grow in your wallet! 🚀 Copy and paste my referral link: https://dogeboost.pro/?referrer=251465 Sign up and get FREE 50 DOGE Deposit money to earn more! I withdraw 80 DOGE coins from Binance and invested to Plan Noob and I transferred several times DOGE coins which I have earned. Don’t waste your time! Deposit more money and earn money! Don't miss this chance! Note: Enjoy free use responsibly; any investment is at your discretion. Happy mining! 🌐💰 #FreeDOGE #CryptoMining⚡🏭🇺🇸🤝 #mining #Miners #trendingtoday
"Unlock free DOGE mining and watch your coins grow in your wallet! 🚀

Copy and paste my referral link: https://dogeboost.pro/?referrer=251465

Sign up and get FREE 50 DOGE

Deposit money to earn more!

I withdraw 80 DOGE coins from Binance and invested to Plan Noob and I transferred several times DOGE coins which I have earned.

Don’t waste your time!

Deposit more money and earn money!

Don't miss this chance!

Note: Enjoy free use responsibly; any investment is at your discretion.

Happy mining! 🌐💰 #FreeDOGE #CryptoMining⚡🏭🇺🇸🤝 #mining #Miners #trendingtoday
🚀 Bitcoin Inventory Dips as Miners Prepare for Halving The cryptocurrency market has been buzzing lately, especially around Bitcoin, with the upcoming halving event casting a long shadow. In a recent update on CoinDesk: coindesk.com, analysts are reporting that miners are strategically running down their Bitcoin inventory, bringing it to a three-year low. This fire sale has a clear connection to the halving, which is programmed to cut the block reward for miners in half. With fewer coins coming into circulation, miners are likely trying to stockpile some Bitcoin before the supply shock hits. However, experts are divided on the impact of this pre-halving activity on the market. Some, like analyst Arthur Hayes, predict a potential slump around the halving time due to selling pressure. Others, like Ripple CEO Brad Garlinghouse, are more optimistic, with Garlinghouse even predicting the market could double by the end of the year. This is a developing story, and it will be interesting to see how the halving plays out. Here are some additional points to consider: • The halving has historically been a bullish event for Bitcoin prices. • Increased adoption and mainstream interest in cryptocurrencies could also influence the market's trajectory. • Regulatory decisions from governments around the world could play a role as well. Stay tuned for further updates as we approach the halving! #bitcoinhalving #BullorBear #Miners
🚀 Bitcoin Inventory Dips as Miners Prepare for Halving

The cryptocurrency market has been buzzing lately, especially around Bitcoin, with the upcoming halving event casting a long shadow. In a recent update on CoinDesk: coindesk.com, analysts are reporting that miners are strategically running down their Bitcoin inventory, bringing it to a three-year low.

This fire sale has a clear connection to the halving, which is programmed to cut the block reward for miners in half. With fewer coins coming into circulation, miners are likely trying to stockpile some Bitcoin before the supply shock hits.

However, experts are divided on the impact of this pre-halving activity on the market. Some, like analyst Arthur Hayes, predict a potential slump around the halving time due to selling pressure. Others, like Ripple CEO Brad Garlinghouse, are more optimistic, with Garlinghouse even predicting the market could double by the end of the year.

This is a developing story, and it will be interesting to see how the halving plays out. Here are some additional points to consider:

• The halving has historically been a bullish event for Bitcoin prices.

• Increased adoption and mainstream interest in cryptocurrencies could also influence the market's trajectory.

• Regulatory decisions from governments around the world could play a role as well.

Stay tuned for further updates as we approach the halving!

#bitcoinhalving #BullorBear #Miners
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🏓 Exciting News: #Floki and #TokenFi Partner with World Table Tennis Championship in South Korea! 🚀 Floki and TokenFi are set to be the Official Cryptocurrency Partner for a major World Table Tennis Championship event in Incheon, South Korea. This partnership follows successful collaborations with sporting events worldwide, highlighting Floki's growing presence in the sports arena. From March 27th to 31st, the Mohegan INSPIRE Entertainment Resort will host this prestigious event, featuring 32 top table tennis players. With over 580 hours of broadcast coverage, the championship is expected to reach 450 million viewers globally. This partnership is strategic, aiming to tap into South Korea's cryptocurrency landscape and capitalize on Asia's deep love for table tennis. By aligning with such events, Floki aims to engage millions of passionate fans, many of whom are young and tech-savvy, making them ideal for embracing cryptocurrency. Overall, Floki's collaboration with WTT Champions Incheon represents a strategic move to connect with a massive audience and solidify its presence in the global sports scene. 🌏🚀 $FLOKI  For sure will go up in price with this..  Just saying DYOR..  Good Luck #HotTrends #POLYX #Miners
🏓 Exciting News: #Floki and #TokenFi Partner with World Table Tennis Championship in South Korea! 🚀
Floki and TokenFi are set to be the Official Cryptocurrency Partner for a major World Table Tennis Championship event in Incheon, South Korea. This partnership follows successful collaborations with sporting events worldwide, highlighting Floki's growing presence in the sports arena.
From March 27th to 31st, the Mohegan INSPIRE Entertainment Resort will host this prestigious event, featuring 32 top table tennis players. With over 580 hours of broadcast coverage, the championship is expected to reach 450 million viewers globally.
This partnership is strategic, aiming to tap into South Korea's cryptocurrency landscape and capitalize on Asia's deep love for table tennis. By aligning with such events, Floki aims to engage millions of passionate fans, many of whom are young and tech-savvy, making them ideal for embracing cryptocurrency.
Overall, Floki's collaboration with WTT Champions Incheon represents a strategic move to connect with a massive audience and solidify its presence in the global sports scene. 🌏🚀

$FLOKI  For sure will go up in price with this.. 

Just saying DYOR.. 

Good Luck

#HotTrends #POLYX #Miners
Starting with only 1 $ETH($2,507), this smart trader made $59K in 11 hours! His secret to making money is buying and selling the #ERC404 token $MINER using high gas! He withdrew 1 $ETH ($2,507) from #Binance and successfully spent 0.065 $ETH($163) to buy 1073 $MINER at a very low price using 0.802 $ETH($2,010) of gas. Then he sold 722 $MINER for 19.11 $ETH using 0.5 $ETH($1,244) of gas. He currently holds 350 $MINER($15K), the total profit is ~$59K. Address: etherscan.io/address/0xb9cc…$ETH #Write2Earn #TrendingTopic #ETH #Miners
Starting with only 1 $ETH ($2,507), this smart trader made $59K in 11 hours!

His secret to making money is buying and selling the #ERC404 token $MINER using high gas!

He withdrew 1 $ETH ($2,507) from #Binance and successfully spent 0.065 $ETH ($163) to buy 1073 $MINER at a very low price using 0.802 $ETH ($2,010) of gas.

Then he sold 722 $MINER for 19.11 $ETH using 0.5 $ETH ($1,244) of gas.

He currently holds 350 $MINER($15K), the total profit is ~$59K.

Address: etherscan.io/address/0xb9cc…$ETH #Write2Earn #TrendingTopic #ETH #Miners
Puell Multiple near 2023 highs! Miners, with constant costs, play a pivotal role. Their behavior is tied to price; currently, miners hold ~9.40% of BTC circulating supply. #CZ #Binance #SEC #Bitcoin #Miners $BTC $ETH $BNB
Puell Multiple near 2023 highs!

Miners, with constant costs, play a pivotal role.
Their behavior is tied to price; currently, miners hold ~9.40% of BTC circulating supply.

#CZ #Binance #SEC #Bitcoin #Miners
$BTC $ETH $BNB
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📈Bitcoin Miners Sell Like Crazy: Lowest Level Since Bull! Bitcoin (BTC) reserves belonging to miners have fallen to their lowest level since 2021. On-chain analytics platform Crypto Quant has revealed remarkable data on Bitcoin miner reserves. In the post shared by the analysis platform on February 2, it was stated that the Bitcoin reserves of miners fell to their lowest level since 2021, especially in the last 2 days. In the data in question, it was noted that there was a Bitcoin outflow of 600 million dollars from miner reserves in the last 2 days alone: Over the past two days, miner reserves have dropped by more than 14,000 Bitcoins, a reduction of about $600 million.🔥 The Bitcoin halving, which is expected to take place next May, has increased the selling pressure on miners. With the halving, the vast majority of miners around the world will start working at a loss if the price of Bitcoin cannot rise above $42,000.🔥 Miners, who aim to be prepared for such a scenario, provide themselves with insurance by disposing of their Bitcoins in profit months before the halving. This naturally creates a selling pressure on Bitcoin... #Write2Earn #TrendingTopic #BTC #Miners #mining $BTC
📈Bitcoin Miners Sell Like Crazy: Lowest Level Since Bull!
Bitcoin (BTC) reserves belonging to miners have fallen to their lowest level since 2021.
On-chain analytics platform Crypto Quant has revealed remarkable data on Bitcoin miner reserves. In the post shared by the analysis platform on February 2, it was stated that the Bitcoin reserves of miners fell to their lowest level since 2021, especially in the last 2 days.
In the data in question, it was noted that there was a Bitcoin outflow of 600 million dollars from miner reserves in the last 2 days alone:
Over the past two days, miner reserves have dropped by more than 14,000 Bitcoins, a reduction of about $600 million.🔥
The Bitcoin halving, which is expected to take place next May, has increased the selling pressure on miners. With the halving, the vast majority of miners around the world will start working at a loss if the price of Bitcoin cannot rise above $42,000.🔥
Miners, who aim to be prepared for such a scenario, provide themselves with insurance by disposing of their Bitcoins in profit months before the halving. This naturally creates a selling pressure on Bitcoin...
#Write2Earn #TrendingTopic #BTC #Miners #mining $BTC
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Instresting facts ( You must read ) Visual distribution of 21 million. #Bitcoin at the moment 1️⃣ Private investors: The largest group, owns 57% of all bitcoins. 2️⃣ Lost #Bitcoins : 17.6% of Bitcoins that are unavailable for various reasons. 3️⃣ #Bitcoins not yet mined: 6.6%. 4️⃣ #Satoshi Nakamoto's wallet: 5.2% - bitcoins belonging to the creator of Bitcoin. 5️⃣ Exchange traded funds (ETF): 3.9% 6️⃣ Companies: 3.6% - Bitcoins owned by companies investing in cryptocurrency. 7️⃣ #Miners : 3.4% 8️⃣ Governments: 2.7% - bitcoins held by governments of different countries. $BTC
Instresting facts ( You must read )

Visual distribution of 21 million. #Bitcoin at the moment

1️⃣ Private investors: The largest group, owns 57% of all bitcoins.
2️⃣ Lost #Bitcoins : 17.6% of Bitcoins that are unavailable for various reasons.
3️⃣ #Bitcoins not yet mined: 6.6%.
4️⃣ #Satoshi Nakamoto's wallet: 5.2% - bitcoins belonging to the creator of Bitcoin.
5️⃣ Exchange traded funds (ETF): 3.9%
6️⃣ Companies: 3.6% - Bitcoins owned by companies investing in cryptocurrency.
7️⃣ #Miners : 3.4%
8️⃣ Governments: 2.7% - bitcoins held by governments of different countries.
$BTC
Bitcoin Miners Take Profits: Will Prices Experience Volatility? Recent trends indicate a decline in Bitcoin miners' revenue and balance, coinciding with BTC's persistent negative performance and heightened selling pressure.Following the green light for spot ETFs, Bitcoin [BTC] deviated from the broader market's anticipations, experiencing a significant correction that left investors grappling with losses. Concurrently, Bitcoin miners seized the opportunity to offload their holdings, intensifying the downward pressure on the coin's value in the upcoming days.The miner outflow from Bitcoin recently reached unprecedented levels, In contrast to their pre-ETF approval optimism, miners had been accumulating BTC in anticipation of a price surge. However, the narrative swiftly shifted post-approval, with miners reversing their stance and initiating substantial BTC sell-offs.As per the latest data, miner outflows surged to a six-year high, channeling over $1 billion worth of BTC to exchanges in the recent past. This significant movement underscored miners' lack of confidence in Bitcoin, signaling their expectation of an imminent price decline.Is there a trend in miner behavior?Our analysis of Glassnode's data indicates a notable decline in BTC miners' balance on January 12th. However, as of the latest available information, there has been an uptick in this metric, suggesting a renewed interest among miners to accumulate.Despite this slight increase in accumulation, miners experienced a decline in profits. This became apparent as BTC miners' revenue started to decrease on January 11th. The diminishing profits raise concerns about the potential for another round of sell-offs, with potential repercussions on BTC's price in the upcoming days.What are the implications for BTC?The drop in revenue raises the likelihood of miners selling BTC, especially considering the ongoing selling trend in the broader market. CryptoQuant's data highlights an increasing reserve of BTC on exchanges, indicating a growing selling pressure at the time of this analysis.According to CoinMarketCap's data, BTC's daily price chart remains in negative territory, trading at $42,629.41 with a market cap exceeding $835 billion. The prevailing market conditions prompt questions about when and how Bitcoin will recover from this recent price decline, making it an aspect worth closely monitoring.#BTC #Miners

Bitcoin Miners Take Profits: Will Prices Experience Volatility?

Recent trends indicate a decline in Bitcoin miners' revenue and balance, coinciding with BTC's persistent negative performance and heightened selling pressure.Following the green light for spot ETFs, Bitcoin [BTC] deviated from the broader market's anticipations, experiencing a significant correction that left investors grappling with losses. Concurrently, Bitcoin miners seized the opportunity to offload their holdings, intensifying the downward pressure on the coin's value in the upcoming days.The miner outflow from Bitcoin recently reached unprecedented levels, In contrast to their pre-ETF approval optimism, miners had been accumulating BTC in anticipation of a price surge. However, the narrative swiftly shifted post-approval, with miners reversing their stance and initiating substantial BTC sell-offs.As per the latest data, miner outflows surged to a six-year high, channeling over $1 billion worth of BTC to exchanges in the recent past. This significant movement underscored miners' lack of confidence in Bitcoin, signaling their expectation of an imminent price decline.Is there a trend in miner behavior?Our analysis of Glassnode's data indicates a notable decline in BTC miners' balance on January 12th. However, as of the latest available information, there has been an uptick in this metric, suggesting a renewed interest among miners to accumulate.Despite this slight increase in accumulation, miners experienced a decline in profits. This became apparent as BTC miners' revenue started to decrease on January 11th. The diminishing profits raise concerns about the potential for another round of sell-offs, with potential repercussions on BTC's price in the upcoming days.What are the implications for BTC?The drop in revenue raises the likelihood of miners selling BTC, especially considering the ongoing selling trend in the broader market. CryptoQuant's data highlights an increasing reserve of BTC on exchanges, indicating a growing selling pressure at the time of this analysis.According to CoinMarketCap's data, BTC's daily price chart remains in negative territory, trading at $42,629.41 with a market cap exceeding $835 billion. The prevailing market conditions prompt questions about when and how Bitcoin will recover from this recent price decline, making it an aspect worth closely monitoring.#BTC #Miners
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