๐ข Hey, crypto fam! ๐
BTC's been a bit of a slowpoke lately, huh? ๐ข But don't fret, things might be looking up! ๐
โข Bitcoin miners have been selling off big time, but that's slowing down now. ๐
โข Bitfinex Alpha says less BTC is moving out of miners' wallets. ๐
โข This could mean a more stable market and maybe even an uptick in BTC's price. ๐
Remember the Bitcoin halving last April? ๐ฐ Miners had to sell to keep the lights on. ๐ก But that's changing!
โข The market's getting used to the sell-off. ๐
โข Less BTC is leaving miners' wallets. ๐ฆ
โข Once the market's done digesting, we might see a rally. ๐
Old miners' buying/selling patterns might not seem important, but history says otherwise. ๐ฐ๏ธ
โข Similar sell-offs happened May-Sept 2023 and Dec 2023-Jan 2024. ๐
โข After each, BTC started climbing again. ๐งโโ๏ธ
But don't pop the champagne just yet! ๐พ
โข Other big sellers could still shake things up. ๐ช๏ธ
โข The German government's been selling, and so have some long-term holders. ๐ฆ
โข This could mean more ups and downs for BTC. ๐ข
What do you think? Will BTC bounce back? ๐ค Let's chat in the comments! ๐ฌ #Bitcoin #CryptoNews