Public Bitcoin miners offloaded over 40% of their mined #BTC in March, the biggest sell-off since October 2024.
Per MinerMag, this was driven by economic strain: soaring energy costs, pricier hardware, and shrinking margins.
Even in a bull market, miners are selling to stay solvent.
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🇯🇵 Japanese fashion retailer ANAP invests $70M in #Bitcoin for its treasury.
"Bitcoin as a global reserve asset is an unstoppable trend."
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Meanwhile, BlackRock has been steadily accumulating.
Outflows are slowing down, Inflows are picking up
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Why Isn't Bitcoin Soaring?
Despite BTC’s rebound from recent lows, it’s not skyrocketing yet. The reason? Short-term holders are cashing out.
These quick-profit takers sell on every price bounce, creating relentless selling pressure that curbs Bitcoin’s upward drive.
While BTC fights to rise, short-term profit-seekers keep dragging it back.
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🇨🇭 Supermarket Giant Spar starts accepting
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📊⛏️ #BTC According to the data, 15 publicly listed Bitcoin mining companies sold over 40% of their mined
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Media is too big
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Bitwise CIO Matt Hougan:
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Bitcoin has surpassed all major assets 60 days post every significant global crisis since 2020!
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Forwarded from Crypto | Bitcoin | Ethereum | Altcoin | News
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"We believe bitcoin is digital gold... we don't want to sell any bitcoin. We want to accumulate as much as we can get."
- White House Adviser Bo Hines
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🇺🇸
This could drive demand for hard assets like Bitcoin if inflation rises.
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