🚀 Bitcoin miners' sell-off pressure is easing, folks! 📉 After the halving event, they've been selling hard, but recent data suggests a slowdown. Could this be the spark we need for a market surge? 🤔

- After halving, miners started offloading their BTC. The reduced rewards made older mining equipment unprofitable, leading to decreased activity.

- But, CryptoQuant's analysis says the market is absorbing this sell-off. The volume and number of bitcoins being moved out of miners' wallets are decreasing fast.

- If this sell-off volume is fully absorbed, we might see a renewed upward rally. Positive market vibes expected for Q3 2024! 📈

In other news, AI and Bitcoin mining are getting cozy. Mergers, financings, and partnerships are forming fast. Core Scientific and CoreWeave are expanding their partnership, with the former supplying 70 MW of computing infrastructure.

What do you think? Will this reduced sell-off pressure trigger a bull run? Let's chat in the comments! 💬 #Bitcoin #CryptoNews #BullRun