Bitcoin

<ul class="news-points">
 <li><strong>Bitcoin miners have been selling actively since the price climbed above $34,000.</strong></li>
 <li><strong>Miners have since offloaded over 5,000 BTCs, worth approximately $175 million.</strong></li>
 <li><strong>The miners are preparing for the upcoming Bitcoin halving that will reduce their block rewards.</strong></li>
</ul>
<p>According to Ali, a famous crypto data analyst on X (formerly Twitter), Bitcoin miners have been selling actively since the flagship crypto climbed above $34,000. In a recent post, Ali noted that the miners have offloaded over 5,000 Bitcoins, worth approximately $175 million, during this period.</p>
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   <p lang="en" dir="ltr">Since <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> surged past $34,000 in late October, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> miners have been selling. Over 5,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a>, worth approximately $175 million, have been offloaded since then. <a href="https://t.co/liLCm8Xykx" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/liLCm8Xykx</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1722914997205176548?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 10, 2023</a>
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<p>Ali’s note agrees with multiple reports of <a href="https://coinedition.com/bitcoin-btc-faces-growing-miner-selling-pressure-analyst/" rel="noopener noreferrer nofollow">Bitcoin miners selling more BTC</a> than they mined in recent weeks. That has raised curiosity among crypto users, many of whom consider the selloff a profit-taking exercise that could precede a drop in the price of the flagship crypto.</p>
<p>Furthermore, <a href="https://theminermag.com/data/overview/" target="_blank" rel="noopener noreferrer nofollow">TheMinerMag’s data</a> shows that …</p>
<p>The post <a href="https://coinedition.com/btc-miners-sold-over-5000-bitcoin-since-price-topped-34k/" rel="noopener noreferrer nofollow">BTC Miners Sold Over 5,000 Bitcoin Since Price Topped $34K</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BTC Miners Sold Over 5,000 Bitcoin Since Price Topped $34K

Coin Edition

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