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Ethereum World News
2022-07-16 12:55:49

Bitcoin Miners Sold 14.6k BTC in June, a 4x Increment From May and Suggesting Capitulation

Bitcoin Miners Sold 14.6k BTC in June, a 4x Increment From May and Suggesting Capitulation

Summary: Bitcoin miners sold an estimated 14,600 BTC in June. This amount was a 400% increment from May. Continuous selling of BTC by Bitcoin miners is hinting at capitulation. According to JP Morgan, Bitcoin production cost could have dropped to $13k, signaling possible more pain for BTC in the crypto markets. Bitcoin miners sold almost 25% of their BTC holdings in June at fire-sale prices. According to a report by the team at Arcane Research, Bitcoin miners sold roughly 14,600 […]

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