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๐ 45% of $BTC supply has not moved in the last 6 months
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๐ณ $BTC whales recently cashed in over $92.7 million in profits!
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๐๐ค $BTC #CryptoQuant : The current 5-month consolidation looks healthy, with most investors having sold their coins to others at a profit, and there have been no massive stress-induced panic sales. Now, realized losses have exceeded profits, which often occurs at the end of a consolidation period.
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โ๐ $BTC miners' stocks have suffered a lot this year. A terrible start to the year was followed by a missed opportunity during the Bitcoin #ETF's rally in February and March. Since then, Bitcoin has been stuck in a range. This is disappointing, considering that during Bitcoin's last parabolic run, miners managed to outpace even Bitcoin's growth over the same period.
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โ #VanEck says $BTC miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors.
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