Bitcoin

<a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a> have begun actively selling their BTC holdings following a recent minor price increase. After Bitcoin surpassed the $58,000 mark, miners offloaded around 30,000 BTC worth over $1.74 billion, aiming to lock in profits.
This move may indicate miners' desire to utilize current price levels to cover operational costs and invest in new equipment. If <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Bitcoin's price</a> fails to hold at $57,000, increased selling from miners could occur, potentially putting pressure on the market and leading to short-term volatility.
Analysts note that miners' actions often influence market sentiment and can serve as indicators of potential price corrections. Investors are closely monitoring the situation to determine the most opportune moments to enter or exit the market.

Miners Sell Significant BTC Volumes After Recent Price Uptick

Ultramining_Eng

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