
Bitcoin miners' holdings have fallen by 0.33% since April's halving, reaching the lowest level since 2010 at 1.81 million BTC. This decline comes amid a broader cryptocurrency market selloff, with Bitcoin dropping below $66,000 and experiencing a 5% decrease. Over $150 million worth of long positions have been liquidated in the last four hours. The cryptocurrency market has seen a violent selloff for the second consecutive Friday, with Bitcoin down nearly 8% week-over-week, outperforming the broader market significantly. Despite the 5% drop in Bitcoin, miners should have been down at least 10%, but they are not, which is considered super bullish.
Think this is a temporary dislocation due to idiosyncratic factors of the crypto market (excess leverage, miner selling/capitulation, Gox selling pressure, TFL(?),…) https://t.co/0fyr7k3T8T
NEW: #Bitcoin ⛏️ miners' holdings fell 0.33% since April's halving to 1.81M #BTC, the lowest level since 2010. https://t.co/jKLpY50J7h
Bitcoin was down 5%, the miners should have been down at least 10% Not seeing that. Super bullish
