CryptoQuant Analyst: Increased selling pressure from Bitcoin miners may affect market liquidity
Odaily Planet Daily reports that CryptoQuant analyst @IT_Tech_PL has written an analysis indicating that as the BTC price falls, Bitcoin miners face increased selling pressure. Miners may be forced to sell, which could affect market liquidity and suggests they are facing financial stress due to rising costs. Historically, miners often sell more Bitcoin to cover operating costs when prices fall.
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.
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Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
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