🚨 Miners collectively "sell off", Bitcoin encounters a "desperate" sell-off storm! 🌪️📉
Recently, the Bitcoin mining industry has been turbulent, and a BTC sell-off led by miners has swept in. This scene is vividly called the "miner's exodus"! 🏃♂️💨 Amazingly, in just three days, miners sold BTC worth up to $1.71 billion, which is undoubtedly a blow to Bitcoin, which is struggling to sprint towards the $60,000 highland! 😱
Analyst Ali Martinez showed the ironclad evidence on social media X - the on-chain data showed that in the past 72 hours, 30,000 Bitcoins were sold off, with a total price of nearly $1.71 billion! 💸 All this happened at a difficult time when the mining difficulty climbed to an unprecedented 92.67 T, which really made things worse! ❄️🌪️
Since the Bitcoin halving in April, miners have had a hard time. The halving of rewards has greatly reduced their profits. In addition, the price of the currency has not risen for a long time. Under great pressure, they can only reluctantly sell BTC to solve the urgent problem. 😢
The data from Santiment is even more shocking. In just a few months, the BTC in the hands of miners has dropped from 2.23 million to 2.14 million. This large-scale sell-off has undoubtedly cast a shadow on the price trend of Bitcoin, and the road to recovery has become more bumpy. 🌫️
But then again, does this mean that the Bitcoin bull market is completely over? 🤔
An expert analyst has spoken out: Although Bitcoin has undergone two months of adjustment, it is still firmly on the solid defense line of $50,000. As long as institutional funds make efforts again, returning to the peak and even breaking records is not a dream! 🚀
💬 Come to the comment section and tell us what you think about this round of miners' selling! Do you think Bitcoin's rally can continue? We're all ears for your opinion! 🗣️
