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CryptoQuant Analyst: Miners Will Ramp Up Bitcoin Selling as Bitcoin Price Falls

CryptoQuant Analyst: Miners Will Ramp Up Bitcoin Selling as Bitcoin Price Falls

Bitget2025/03/11 15:42

On 11 March, CryptoQuant analyst @IT_Tech_PL wrote an analysis of the increased bitcoin selling by miners as the price of bitcoin falls, with transfers from miners to trading platforms spiking as BTC fell to $77,000.

Miners being forced to sell could affect market liquidity and indicate that they are under financial pressure due to increased costs. Historically, miners have tended to sell more bitcoin when the price drops to cover operating costs.

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The PEPE whale, who previously made over $36 million in profits, continues to buy ASTER and now has an unrealized gain of $1.1 million.

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