CryptoQuant writes that miners are stopping selling BTC, bringing the rally closer. And experts are expecting a new upward movement in the#BTCprice in the third quarter of this year (July-August). Quote from the analysis for the#CryptoQuantinfographic:
“The current market could be considered to be in the process of absorbing this sell-off, and fortunately, the amount of BTC that miners are sending out of their wallets has been rapidly decreasing as of late.
In other words, the selling pressure from the miners is easing, and if all of their selling volume is absorbed, it could create a situation where the upward rally can continue again.
Positive dynamics in the cryptocurrency market are expected in the third quarter of 2024.”
