 [The next trigger is a Miner]

The-next-trigger-is-a-Miner

The Hash Ribbons Index is at an all-time high. BTC security is at an all-time high, but its mining volume is gradually decreasing.
This will strangle the miners.

On November 09, '22, 5,437 BTC was withdrawn from the Miner Outflow Index at 21:00 (UTC).
Miners' withdrawal can be interpreted as increased selling pressure.

There is already a lot of news that mining companies listed on NASDAQ cannot pay their debts.
If they go bankrupt, there will be a situation where they have no choice but to sell BTC.
Therefore, it is necessary to keep a close eye on the miner withdrawal table, and if the amount of miner withdrawal increases, BTC is likely to fall further.

But the bankruptcy of past miners has formed the bottom of the BTC.
So when they go bankrupt, they have to use it as an opportunity to buy BTC.