A staggering $2 billion worth, has been dumped by miners since June. This historic sell-off marks the fastest pace in more than a year, as miners try to adapt with the post-halving context. The halving event, which reduced mining rewards, has reduced profits, forcing miners to liquidate their holdings. As a result, miner reserves have plummeted to their lowest levels in more than 14 years. The sell-off sent shock waves throughout the cryptocurrency market, causing the price of Bitcoin to take a hit, falling from $71,907 at the beginning of June to $63,378.89 at the end of the month. But it's not just#Bitcoinfeeling the heat.#Altcoinshave also experienced significant declines, with some falling more than 20%. The market is chaotic and the future remains uncertain. Will this sell-off have an effect, causing prices to drop further? Or is this the end of the miners' capitulation, paving the way for a potential market recovery? Only time will tell Everyone please refer!!!!#binanceCrypto $BTC
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HOT DEVELOPMENT 🔥 US Government Is Making Massive Bitcoin Transfers! Will BTC sell? The US government may have taken action to sell 30,174 BTC. According to some blockchain data coming from Blockchair in the past minutes, the United States Government recently transferred 30,174 Bitcoin (BTC) seized from the Silk Road case to different wallets. These BTC are currently still awaiting approval on the blockchain. As of now, although the United States Government may be preparing to sell these BTC, there have not been any stock exchanges involved. Stay tuned for updates. $BTC