Can miners take the heat? New research from cryptoquant_com warns they could be the 'next trigger' for BTC.
In a Quicktake post for on-chain analytics platform CryptoQuant on Nov. 10, contributor MAC.DAfter BTC/USDThe result is mining rigs being idled and miners selling BTC to cover expenses.
He pointed to outflows from miner wallets passing 5,400 BTC for Nov. 9 alone, something which “can be interpreted as increased selling pressure.”should major mining firms end up selling stored BTC en masse as a way to pay obligations.
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