LIVEBTC Halving in just a few hours, cutting rewards in half + Israel's missile strike on Iran = Bloodbath again!
We will discuss the Israel-Iran stress in another post but first let's highlight the miners' passion:
The final super selling spell starts(s4)! Miners who earn bread and butter by mining Bitcoin and are around 70% of the lot have been selling to pay their huge electricity bills and buy some bags of wheat. 500-600 BTCs every hour is what the market can absorb but they took it to 2300+ per hour desiring to sell higher and ending up otherwise! Last month is marked by their passion!
Anyway, expect extreme volatility before the rewards are cut to half. They are planning their future and what to do with their mining rigs. Disturbed sentiment may play hard! You should be ready to buy low! Rigs and BTC both! 🤗