😱😱 Bitcoin Miners Reduce Significant Amount.
Bitcoin miners sold more than 3,000 BTC in two weeks, contributing to the price correction from $119,800 to $114,200.
The activity of the miners indicates a strategic liquidity management rather than panic selling.
Technical indicators show a bearish momentum with the MACD declining and the RSI approaching oversold levels.
Key Factors
• Mining Economy: Record difficulty of 127.6T increasing operational costs
• Regulatory Pressure: New tariffs for ASIC and MiCA compliance requirements
• Focus on Profitability: Prioritization of cash reserves amid market volatility.