Analysis: Bitcoin Miners' Selling Pressure Drops to Lowest Level Since 2024
According to a report by Jinse Finance, the cryptocurrency analysis platform Alphractal revealed in an article on X on May 10 that the activity of Bitcoin miners in the market is declining. They tend to accumulate mining rewards rather than sell them for profit. Lower values mean miners are holding onto their coins, which is a positive signal for prices. With price fluctuations in the coming weeks, whether up or down, we may see renewed selling interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain exchange once posted "Opensea public sale next week," but later deleted it.
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Data: AWE rises over 22%, SKY rises over 9%
Trending news
MoreCrypto prices
More
