A miner sent 4,400 BTC to Binance recently, completing the fourth largest miner-to-exchange transaction in the last two months.
The previous transactions of similar magnitude were on May 12th , June 16th , and June 22nd .notes that the downtrend is currently being maintained. However, he also acknowledged that Bitcoin is already close to the bottom region according to the MVRV indicator.When looking at lossmkaing, we see that during the bear market, long periods of realization below base cost find resistance to return to profitability.
This type of movement causes most currencies to be sold again at their average price during recovery periods within a bearish central trend .The analyst argues that when “these achievements” start happening with serious profit, the breakout of the downtrend can be confirmed, putting the market to expressive highs.
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