🚀 Bitcoin's recent 15% plunge has been attributed to various factors including selling pressure from miners, Mt. Gox refunds, and the German state of Saxony. However, NYDIG's research head, Greg Cipolaro, argues that the price impact from potential selling may be overblown. Despite fears of imminent sales from Bitcoin addresses linked to Mt. Gox, the U.S. government, and Saxony, Cipolaro suggests that the price decline was deeper than it would have been for stocks. He also refutes claims of miners selling their BTC en masse, with data showing that publicly listed mining companies actually increased their Bitcoin holdings in June. What's your take on this? Share your thoughts in the comments! 💭