🎉Good news, Bitcoin enthusiasts!🎉 After the recent halving event, Bitcoin miners have been selling off their BTC, causing market declines. But don't fret! The latest data suggests that this selling pressure is significantly decreasing, which could potentially trigger a market-wide surge. 🚀

Post-halving, miners began offloading their BTC as reduced mining rewards made older equipment unprofitable. However, the market is currently absorbing this sell-off, as indicated by the rapid decrease in the volume and number of bitcoins being moved out of miners’ wallets. 📉

This decline in selling pressure suggests that the market might stabilize. If the current sell-off volume is fully absorbed, we could be paving the way for a renewed upward rally. 📈 Positive trends in the market are anticipated for the third quarter of 2024. 🗓️

In other news, AI and Bitcoin mining are becoming fast friends. Mergers, financings, and partnerships are forming between AI and Bitcoin mining operations. This week, Bitcoin miner Core Scientific announced an expanded partnership with CoreWeave, an Nvidia-backed startup. Core Scientific will supply 70 megawatts of computing infrastructure to support CoreWeave’s operations. 💡

So, keep your eyes peeled, Bitcoin lovers. The future is looking bright! 🌞