Bitcoin’s Price Faces Bleak Outlook as Selling Pressure from Miners Surge

Szerző: ZyCrypto - 11 hónapja - Olvasási idő: 2 perc
19. május 2023., péntek 7:09

Bitcoin’s Price Faces Bleak Outlook as Selling Pressure from Miners Surge

Bitcoin, the world’s largest cryptocurrency, is facing a challenging outlook as selling pressure from miners increases.

A kriptovaluta árfolyama az elmúlt héten szoros, oldalirányú mintázatban konszolidálódott, miután május elején jelentős visszaeséssel kellett szembenéznie. A héten több alkalommal is megkísérelte az árfolyam 27,000 XNUMX dollár felett tartani és XNUMX XNUMX dollár felett tartani, de a hétvége felé kudarcot vallott, mivel különböző fundamentumok arra utalnak, hogy a kriptovaluta további eséssel szembesülhet.

Bányászok Eladják érméiket

Eltekintve a csökkenő kereskedési volumentől, ami a befektetők érdeklődésének hiányát tükrözi az alacsony volatilitású piac iránt, vannak arra utaló jelek, hogy Bitcoin bányászok szerepet játszhatott a közelmúltbeli árcsökkenésben.

Earlier today, onchain analytics firm CryptoQuant took to Twitter to share these observations, stating that there is a high probability that 1,750 BTC has ultimately made its way to Binance, one of the leading cryptocurrency exchanges. CryptoQuant’s assertions came after a thorough examination of various wallets linked to Bitcoin miners by “IT Tech”, an author and analyst at the firm, who tracked the movement of the coins to the exchange.

“There is a high probability that 1750 BTC ultimately went to Binance. Miners’ reserves are decreasing, indicating a selling pressure from the miners’ side,” – írta az IT Tech.

Notably, amid declining prices, Bitcoin’s hashrate has also experienced a minor decline in recent days. This decrease indicates a migration of miners away from the Bitcoin ecosystem. As of the current writing, Bitcoin Network Hash Rate was 344.77M, down from 440M on May 2.

These developments raise concerns among market participants, which explains the stagnation of Bitcoinára. Bitcoin’s price has been experiencing volatility in recent weeks, with several factors, including regulatory inflation concerns impacting its trajectory. The increasing selling pressure from miners, combined with whale transactions, thus adds another layer of complexity to the market.

A bányászok értékesítése hamarosan alábbhagy

Mindazonáltal a fejlemények ellenére a CryptoQuant elemzője, a „BaroVirtual” megjegyzi, hogy a zacskók kirakodása lassíts hamarosan. 

“From May 5, 2023, Bitcoin miners began to reduce their Bitcoin holdings drastically, and on May 9, 2023, the miner’s net position moved into negative territory, indicating intense pressure from miners. Currently, the miner net position values are in the zone where Bitcoin bounced off in previous times, and the local uptrend continued,” – írta nemrég a szakértő. 

According to him, miners could significantly slow down sales when Bitcoin hits the $24,000 target.

Bitcoin traded at $26,853 at press time, down 1.14% in the past 24 hours. In the past week, the price has only managed to gain by 1.73%, as per data from CoinMarketCap.

Eredeti forrás: ZyCrypto