š¢ Hey, crypto fam! š
BTC's been a bit of a slowpoke lately, huh? š¢ But don't fret, things might be looking up! š
ā¢ Bitcoin miners have been selling off big time, but that's slowing down now. š
ā¢ Bitfinex Alpha says less BTC is moving out of miners' wallets. š
ā¢ This could mean a more stable market and maybe even an uptick in BTC's price. š
Remember the Bitcoin halving last April? š° Miners had to sell to keep the lights on. š” But that's changing!
ā¢ The market's getting used to the sell-off. š
ā¢ Less BTC is leaving miners' wallets. š¦
ā¢ Once the market's done digesting, we might see a rally. š
Old miners' buying/selling patterns might not seem important, but history says otherwise. š°ļø
ā¢ Similar sell-offs happened May-Sept 2023 and Dec 2023-Jan 2024. š
ā¢ After each, BTC started climbing again. š§āāļø
But don't pop the champagne just yet! š¾
ā¢ Other big sellers could still shake things up. šŖļø
ā¢ The German government's been selling, and so have some long-term holders. š¦
ā¢ This could mean more ups and downs for BTC. š¢
What do you think? Will BTC bounce back? š¤ Let's chat in the comments! š¬ #Bitcoin #CryptoNews