RIOT - Bitcoin Miners Done Selling $63K Could Cause Miner Stocks To 'Explode Higher' Says Investor | Benzinga
Concerns about Bitcoin (CRYPTO: BTC) miner selling have been resolved, opening the door to a potential rally, according to on-chain data.
What Happened: Cryptoquant data shows selling volume from miners diminishing for several reasons:
- The amount of bitcoin sent by miners to exchanges has dropped significantly since May.
- The over-the-counter trading volume used by miners for selling purposes has been digested.
Cryptoquant sees this as sufficient evidence for the start of an upward rally in the ...