🚨 BREAKING: Bitcoin Miners Sell-Off Frenzy! 🚨
Over 30,000 $BTC , worth a staggering $2B, have been dumped by miners since June. This historic sell-off marks the fastest pace in over a year, as miners scramble to adapt to the post-halving landscape. The halving event, which reduced mining rewards, has squeezed profits, forcing miners to liquidate their holdings.
As a result, miners' reserves have plummeted to their lowest levels in over 14 years. The sell-off has sent shockwaves through the crypto market, with Bitcoin's price taking a hit, dropping from $71,907 at the beginning of June to $63,378.89 by the end of the month.
But it's not just #Bitcoin feeling the heat. #Altcoins have also experienced significant declines, with some dropping by over 20%. The market is in turmoil, and the future remains uncertain.
Will this sell-off trigger a #domino effect, causing further price drops? Or is this the end of the miners' capitulation, paving the way for a potential market recovery? Only time will tell. 🕰️
