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CryptoGlobe 2024-02-01 01:38:00

Bitcoin Miners’ Selling Pressure Spikes to 8-Month High, Analysis Shows

Bitcoin miners have been selling their BTC holdings, moving over 4,000 coins valued at around $173 million from their wallets to cryptocurrency exchanges in a single day, the highest figure seen since May 16, 2023. According to on-chain analytics firm CryptoQuant, the moved BTC created selling pressure on the cryptocurrency market that was “calmy absorbed,”

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