Bitcoin $BTC miners started 'most aggressive selling' since 2015, caprioleio says
In the past three weeks, since the first rumors of FTX/Alameda's insolvency, Bitcoin miners increased their selling pressure by 400%. This metric spiked to levels unseen since the bottom of the 2015 cycle.
What we are seeing is not sustainable. Mine-and-hodl is not a viable strategy as a Bitcoin miner. Miners are paying the consequences of the"never selling" arrogance widespread just 6 months ago. You need to manage your Bitcoin position constantly in this market. that Bitcoin looked terribly oversold based on the Energy Value Model.Meanwhile, as covered by U.
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