Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?
NewsBTC 19 Apr 2024
On-chain data shows Bitcoin miners have always sold as Halvings have occurred ... As miners usually deposit Bitcoin to these platforms for selling, this flow can provide hints about their selling behavior ... So, what’s going on here? The analyst suggests that the Bitcoin miners may have already completed the latest round of selling in advance (as the exchange inflows from the cohort did spike in February).
Bitcoin Continues To Struggle: Analytics Firm Reveals What Whales Are Doing
Bitcoinist 19 Apr 2024
Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000 ... As the graph shows, the Bitcoin whales made notable selling moves as the cryptocurrency’s price rose to a new all-time high (ATH) last month ... Overall, the fact that the whales are accumulating while the large holders have at least not been selling anything significant can perhaps provide a neutral to slightly bullish picture for Bitcoin.