Signs of capitulation among Bitcoin miners as reserves drop sharply
Friday, 14 June 2024, 11:06
Bitcoin Miners Capitulation
Bitcoin miners are experiencing a significant drop in reserves, reaching a 2-year low.
OTC Selling Activity Surge
Over-the-counter selling has peaked compared to levels observed back in March.
Hashrate Weakening
The hashrate, a critical metric for mining operations, is showing signs of weakening.
Conclusion: The trend suggests a weakening confidence among Bitcoin miners, posing risks to the cryptocurrency's price stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.