📍Miners sold the most since April: 16,000 BTC from miners were dumped in one day.



📌 As soon as BTC surpassed $123K, selling pressure began to increase from miners: Over 16,000 BTC were pushed to the exchange in a day - marking the largest sell-off since April 7. The BTC reserves of miners dropped to 65,000 BTC, the lowest level in a month, indicating that they timed this moment.

📌Whales are also taking the opportunity to sell: The amount of BTC transferred to exchanges in a single day reached 81,000 $BTC, with large addresses accounting for 58,000 BTC. The estimated total realized profit for the day is up to $3.5B:
- Long-term holders (LTH): ~56%, nearly $2B.
- Short-term holders (STH): ~44%, about $1.5B.

📌 The price has adjusted to the area of $118K, the market is not reacting negatively - this is the handover phase, when $BTC is being transferred from "hopeless" investors to "hopeful" investors.

💭 Right after miners and whales take profits, CEX supply is running low, OTC liquidity is decreasing, and funding is leaning towards short. In the upcoming period, all attention on BTC will likely shift to ETH.
BTC1.59%
CHO10.35%
ETH2.72%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)