우민규 Woominkyu
Sharp Fall In Miners Transactions
By seeing transactions from affiliated miners to all exchanges, it is clearly showing that selling pressures from miners’d been weakened since the late of 2021 until the present. Interestingly, it is noticeable that its transactions were very high while the price of BTC was considerably high as well. However, It does not indicate that miners are not able to sell more BTC at this moment but it is important to see that when its transactions go as low as the last bear cycles (Roughly), it is possible that BTC is forming a bottom too.