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Bitcoin's price dropping below $60,000 could lead to panic selling, warned analysts including Alex Kuptsikevich from FxPro and researcher Kaiko. Market stability is threatened by potential sell-offs due to miners facing revenue drops and reduced rewards.
#Bitcoin miners could be beginning to feel the pressure of reduced miner rewards, according to @Kaikodata. This could force many to sell their $BTC, putting pressure on the markets. Watch "Chart of the Day" explain, presented by @cryptocom. https://t.co/ICaWhv9vnZ
NEW: #bitcoin halving has historically been a selling event for miners. The initial rush of users to the Runes protocol cooled, and fees have since dropped. Miners now feel the pressure of reduced rewards, per Kaiko Research. https://t.co/l14bpLc9tt
Analysts at blockchain firm Kaiko say Bitcoin's recent halving might soon force miners to sell their crypto reserves https://t.co/webKUcoLh1
