Bitcoin miners hedging with recent sell-offs: Bitfinex report

Bitcoin miners hedging with recent sell-offs: Bitfinex report
фото показано с : cointelegraph.com

2023-7-20 12:34

All-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions.

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Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price

Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset returned to pre-FTX collapse levels. But while momentum has hit a roadblock, signaling that the sell-offs may be over, a decline in whale activity could mean that this is not the end of the downtrend.

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