Analyst: BTC miners sold more than 30,000 BTC in June, setting a yearly record
Analyst Crypto Patel posted on social media, stating that BTC miners sold over 30,000 BTC (approximately $2 billion) in June, setting a record for the year. Miner inventory is at its lowest level in 14 years, and the halving event has led to a significant drop in profits, triggering sell-offs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
xMoney Launches Three New MiCA-Compatible Stablecoins to Boost Liquidity in Europe
Shiba Inu and UAE Ministry of Energy Partnership Expands SHIB’s Reach
Zhu Su: Tried to short BERA at $11
Ondo Finance launches Ondo Chain, a Layer1 blockchain for institutional finance