Bitcoin miner sell pressure has significantly decreased, with BTC withdrawals from miner-affiliated wallets dropping 85% since the April halving. The number of withdrawals fell from over 50,000 to under 10,000 per day. This reduction in selling pressure could potentially lead to a strong upward rally in Bitcoin prices, with positive market movements anticipated in Q3 2024. Every day this chart ticks lower, alleviating miner BTC sell pressure.
Bitcoin Selling Pressure From BTC Miners Has Finally Eased: Analyst ► https://t.co/Hkx2iJCH3x https://t.co/Hkx2iJCH3x
[COINTELEGRAPH] #Bitcoin miner sell pressure 'weakening' as #BTC withdrawals drop 85%
#Bitcoin miner sell pressure is easing as $BTC withdrawals drop 85% since the halving. https://t.co/Rzy34mCK55
#Bitcoin miner sell pressure is easing as $BTC withdrawals from miner-affiliated wallets have dropped 85% since the April halving. The number of withdrawals fell from over 50,000 to under 10,000 per day. https://t.co/xG9nVZrHv8
Miners' selling pressure on #Bitcoin is rapidly decreasing! 📉 With fewer #BTC moving out of miners' wallets, we could see a strong upward rally soon. Eyes on Q3 2024 for positive market movements. 📈 https://t.co/Y30bezCYm3
NEW: Demand for #Bitcoin saw a significant slowdown after May and it's "still missing faster momentum," per CryptoQuant. https://t.co/UhIrYDFWfo
Every day this chart ticks lower, miner BTC sell pressure alleviates. https://t.co/43u9aEyLVm