CryptoQuant report: BTC miners' latest sell-off could force prices down in the short term

[CryptoQuant Report: The latest selling of BTC miners may force prices to fall in the short term] On August 15, a CryptoQuant analyst said in a research report that the latest selling of BTC miners may force prices to fall in the short term. Data shows that during the recent consolidation phase between $18,000 and $22,000, miners’ reserves have been slowly increasing. , then the selling pressure created by these forced sellers could push prices lower in the short term.

Miner’s reserve is a measure of the total amount of bitcoins currently stored in all miners’ wallets. When the value of this indicator rises, it indicates that miners are depositing BTC into their wallets. When the value of this indicator decreases, it indicates that miners are transferring BTC from their reserves. This trend may not be conducive to cryptocurrency value growth.

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Additionally, PledgeCrypto offers a feature where any user can create a fundraising page for any event and cause they advocate, and then embed a donation button and a form on the site. (Bitcoinist) [2022/4/13 14:21:22]

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