2023-11-11 19:03:24
Ali, a crypto analyst who became popular on X, said in a post on Friday that there has been a major selling wave among Bitcoin miners since the coin rose above $34,000. According to Ali, since the price of bitcoin rose above $34,000, miners have already sold more than 5,000 BTC worth regarding $175 million. This backs up previous reports that bitcoin miners have sold more BTC than they have mined in recent weeks. Since #Bitcoin surged past $34,000 in late October, $BTC miners have been selling. Over 5,000 #BTC, worth approximately $175 million, have been offloaded since then. pic.twitter.com/liLCm8Xykx — Ali (@ali_charts) November 10, 2023 Additionally, data from TheMinerMag shows that the bitcoin liquidation mining rate in October was 105%, a significant increase from July’s 64% and August’s 77%. %, and compared to the rate in September, which was also 77%. The price of bitcoin reached a new annual high The price of bitcoin continued to rise despite significant sales by miners, on Thursday BTC reached the level of $37,978, according to TradingView data. With this, the largest cryptocurrency reached an annual high and at the same time the highest exchange rate in the last 18 months. According to many, the selling wave among miners is due to the upcoming bitcoin halving, as a result of which the reward for mined blocks will be halved. At the time of writing, bitcoin BTC PRICE is trading just below its new annual high of $37,318, which means the coin is up 10.3% over the past two weeks.
1699731810
#Miners #sold #bitcoins #price
