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📈🥳 $BTC ‘massive rally’ due as buy signal hits for 1st time in a year!
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📈⛏ $BTC #Matrixport : Hash Rate Rebound Signals Better Bitcoin Outlook The Bitcoin Mining Hash Rate has historically served as a leading indicator for Bitcoin rallies, as seen a year ago, and it also signaled a potential decline in May 2024. Recently, some miners appear to have shut down unprofitable machines. However, the rebound in the Hash Rate suggests that miner stress may be limited. Despite this, daily miner revenue remains low at $32 million, compared to $73 million around the April 20, 2024, halving day.
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📊 $BTC C.Q.: Significant increase in BTC withdrawals from #Kraken after affected #MtGox users start receiving their BTC. This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets.
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📊👀 $BTC C.Q.: On the Kraken exchange, there is an increased outflow, which means that #MtGox coins are being withdrawn from the exchange, or even if they were sold, they have been repurchased and are being withdrawn. In any case, there is currently no panic in the market.
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