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Analysts Call Miners' Reserve Dump a 'Strategic Move'
Bitcoin (BTC) bears are getting more ammunition, this time potentially from miners.
The miners of the largest cryptocurrency have started dumping their reserves. According to analytics firm CryptoQuant, this is a 'strategic move' as miners look to cover rising costs ahead of the halving.
According to CryptoQuant, miners' BTC reserves have significantly declined, while the number of BTC transfers to centralized exchanges has increased. This dynamic, the firm said, 'clearly shows strong selling pressure from the miner's side.'
In the run-up to a halving, miners typically sell their BTC to cover operational costs and prepare for future investments, as the competition in the sector intensifies with each block reward reduction.
#Bitcoin #bitcoincash #btccash #BTCUSD #btcNFT
$BTC
Bitcoin (BTC) bears are getting more ammunition, this time potentially from miners.
The miners of the largest cryptocurrency have started dumping their reserves. According to analytics firm CryptoQuant, this is a 'strategic move' as miners look to cover rising costs ahead of the halving.
According to CryptoQuant, miners' BTC reserves have significantly declined, while the number of BTC transfers to centralized exchanges has increased. This dynamic, the firm said, 'clearly shows strong selling pressure from the miner's side.'
In the run-up to a halving, miners typically sell their BTC to cover operational costs and prepare for future investments, as the competition in the sector intensifies with each block reward reduction.
#Bitcoin #bitcoincash #btccash #BTCUSD #btcNFT
$BTC
HOW MANY NFTS
ARE THERE ON
BITCOIN
Crypto Ved
ISA
On Ordinal, there are more than 13000 NFTs,
and recently, 9500 OnChainMonkey NFT
duplicates were created through Ordinal to put
them on Bitcoin. #btcNFT #NFT #cryptoved #bitcoinecosystem
ARE THERE ON
BITCOIN
Crypto Ved
ISA
On Ordinal, there are more than 13000 NFTs,
and recently, 9500 OnChainMonkey NFT
duplicates were created through Ordinal to put
them on Bitcoin. #btcNFT #NFT #cryptoved #bitcoinecosystem
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FREE AIRDROP
#Launchpool #Launchpad #airdrop #btcNFT #SOL100 🎁Free Airdrop Alerts The OpenEx (OEX) airdrop is currently ongoing and this is a great opportunity to get some free OEX tokens. OEX is a new cryptocurrency being developed by the OpenEx team that has the potential to become a major player in the crypto space. Here are a few reasons why you should consider participating in the OEX giveaway: It's free! There is no risk involved in participating in the airdrop, and you can potentially earn a significant amount of OEX tokens if the project is successful. To participate in the OEX airdrop, simply follow these steps: Download the app from the Google Play Store or Apple App Store via QR below 👇🏽Create an account on the Satoshi app. Verify your account by completing the KYC process. Go to the “Projects” section of the app and click on the “OEX” project. Click on the “Claim OEX” button. You will be able to receive OEX tokens every 24 hours, until the distribution ends. The airdrop is scheduled to end in March 2024, so you will have plenty of time to participate. Good luck, guys
📈 #Bitcoin NFT sales surge past Ethereum, hitting $168.5M in a week, driven by #bitcoinordinals & the NodeMonkes collection.
#nfts #btcNFT #BTC
#nfts #btcNFT #BTC
Dive into Taproot Technology with Flash Protocol. 🔥⭐
Exciting news awaits as we announce the launch of our groundbreaking FLASH token this March! Get ready for an exhilarating journey as we unlock the true potential of Bitcoin.
Keep an eye out for our Initial DEX Offerings (IDOs) on ChainGPT, our esteemed partner launchpad. This partnership marks the beginning of an innovative venture aimed at maximizing Bitcoin's capabilities.
🔹What is Flash Protocol?
FLASH serves as your gateway to the largest Bitcoin-native NFT platform. It enriches GameFi, AI, and Meme culture, all powered by Taproot technology.
With over 1 million Taproot NFTs already minted, Flash Protocol leads the way in secure, decentralized digital asset issuance and trading on Bitcoin. Our innovative threshold signature mechanism ensures unparalleled security, protecting your assets from hacking and failures.
Dive into the FlashVM, a state-of-the-art side chain that enhances Taproot assets, revolutionizing trading with increased efficiency and decentralization.
Let’s unite and lead the transformation of the digital asset landscape together! Embrace the future of GameFi, Bitcoin NFTs, decentralization, Taproot, and crypto innovation with the FLASH token.
#FlashProtocol #FlashEVM #BTC #btcNFT #Taproot
Exciting news awaits as we announce the launch of our groundbreaking FLASH token this March! Get ready for an exhilarating journey as we unlock the true potential of Bitcoin.
Keep an eye out for our Initial DEX Offerings (IDOs) on ChainGPT, our esteemed partner launchpad. This partnership marks the beginning of an innovative venture aimed at maximizing Bitcoin's capabilities.
🔹What is Flash Protocol?
FLASH serves as your gateway to the largest Bitcoin-native NFT platform. It enriches GameFi, AI, and Meme culture, all powered by Taproot technology.
With over 1 million Taproot NFTs already minted, Flash Protocol leads the way in secure, decentralized digital asset issuance and trading on Bitcoin. Our innovative threshold signature mechanism ensures unparalleled security, protecting your assets from hacking and failures.
Dive into the FlashVM, a state-of-the-art side chain that enhances Taproot assets, revolutionizing trading with increased efficiency and decentralization.
Let’s unite and lead the transformation of the digital asset landscape together! Embrace the future of GameFi, Bitcoin NFTs, decentralization, Taproot, and crypto innovation with the FLASH token.
#FlashProtocol #FlashEVM #BTC #btcNFT #Taproot
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Bitcoin's Hash Rate Rebounds From January Lows Ahead of Difficulty Hike
Bitcoin's hash rate has recovered to 535 EH/s over the past six days, as per the seven-day simple moving average (SMA) from Luxor's hashrateindex.com. The three-day SMA reflects a peak of 559 EH/s, while the 30-day moving average sits at 522 EH/s.
The seven-day indicators signal a 10.99% increase from the local low of 482 EH/s that caused block creation times to slightly exceed the standard ten-minute interval.
Block times are currently fluctuating between eight minutes and 52 seconds to nine minutes and 21 seconds. With block intervals trending below the typical ten-minute mark and the hash rate showing signs of recovery, the upcoming network difficulty adjustment, estimated to occur around February 2, 2024, is likely to see an upward adjustment.
#Bitcoin #BitcoinWorld #BTCUSD #btcNFT
$BTC
Bitcoin's hash rate has recovered to 535 EH/s over the past six days, as per the seven-day simple moving average (SMA) from Luxor's hashrateindex.com. The three-day SMA reflects a peak of 559 EH/s, while the 30-day moving average sits at 522 EH/s.
The seven-day indicators signal a 10.99% increase from the local low of 482 EH/s that caused block creation times to slightly exceed the standard ten-minute interval.
Block times are currently fluctuating between eight minutes and 52 seconds to nine minutes and 21 seconds. With block intervals trending below the typical ten-minute mark and the hash rate showing signs of recovery, the upcoming network difficulty adjustment, estimated to occur around February 2, 2024, is likely to see an upward adjustment.
#Bitcoin #BitcoinWorld #BTCUSD #btcNFT
$BTC