Bitcoin miners' holdings have fallen by 0.33% since April's halving, reaching the lowest level since 2010 at 1.81 million BTC. This decline comes amid a broader cryptocurrency market selloff, with Bitcoin dropping below $66,000 and experiencing a 5% decrease. Over $150 million worth of long positions have been liquidated in the last four hours. The cryptocurrency market has seen a violent selloff for the second consecutive Friday, with Bitcoin down nearly 8% week-over-week, outperforming the broader market significantly. Despite the 5% drop in Bitcoin, miners should have been down at least 10%, but they are not, which is considered super bullish.
Think this is a temporary dislocation due to idiosyncratic factors of the crypto market (excess leverage, miner selling/capitulation, Gox selling pressure, TFL(?),…) https://t.co/0fyr7k3T8T
NEW: #Bitcoin ⛏️ miners' holdings fell 0.33% since April's halving to 1.81M #BTC, the lowest level since 2010. https://t.co/jKLpY50J7h
Bitcoin was down 5%, the miners should have been down at least 10% Not seeing that. Super bullish
The cryptocurrency market has suffered a violent selloff the 2nd consecutive Friday. #Bitcoin is lower by nearly 8% week-over-week and outperforming the broader market by a sizable amount. @sndr_krisztian reports https://t.co/XymGGS1x0L
Calling the Bitcoin CEO rn to ask why price goes down https://t.co/leZ0luWZRJ
🚨 CRYPTO LIQUIDATIONS: Over $150 million worth of long positions have been liquidated in the last 4 hours as #BTC drops below $66,000. https://t.co/Z9wEDnwC0T