Bitcoin surge triggers miner sell-off

12/12/2023 23:00
Bitcoin surge triggers miner sell-off

Bitcoin miner balances decreased by nearly 5%, as Bitcoin surged past $44,200 and consolidated at $41,200 since the beginning of December.

Bitcoin surge triggers miner sell-off Bitcoin surge triggers miner sell-off 5 mins ago · 2 min read

A decline in miner BTC balances signals strategic moves in response to December price rally.

2 min read

Updated: December 12, 2023 at 3:55 pm

Bitcoin surge triggers miner sell-off

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin's approach to $40,000 saw miners' BTC holdings drop from 80,520 to 76,602 in ten days, a shift unseen since April. But what does this 4.86% decrease imply about Bitcoin's future trajectory? ...

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