Bitcoin Miners May Be Done Selling: Here's What That Means
Portfolio Pulse from Murtuza Merchant
New research from CryptoQuant indicates a significant decrease in Bitcoin miners' selling pressure, suggesting a potential upward trend for Bitcoin prices. This shift could lead to a more optimistic outlook for the cryptocurrency market moving into Q3 2024.
June 28, 2024 | 12:01 pm
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CryptoQuant's data shows a significant decrease in Bitcoin miners' selling pressure, which could lead to an upward trend in Bitcoin prices. This is a positive indicator for the cryptocurrency market moving into Q3 2024.
The reduction in selling pressure from Bitcoin miners indicates that the market may absorb the reduced volume of sell-offs, potentially leading to a price rally. This is a significant factor for investors considering the cryptocurrency's future performance.
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