Bitcoinist
2020-11-06 18:00:06

Bitcoin Miners Halt Bull Rally as They Begin Offloading Their BTC Holdings

Bitcoin’s intense rally seen throughout the past few days has slowed down slightly, with buyers finding some resistance around $16,000 The rejection here yesterday wasn’t too intense, but it has kicked off a consolidation phase in the upper-$15,000 region One trend to keep an eye on in the near-term is outflows from miners onto exchanges This trend suggests that miners who have watched their assets appreciate rapidly in value may begin taking some profits off […]

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