Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent

作者 NewsBTC - 1 年前 - 阅读时间:3 分钟

Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent

Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic landscape. Did bulls rush into a trap?

在撰写本文时, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. In the previous week, the cryptocurrency is holding onto some profits, but there is a chance the bullish trajectory will retrace back to the yearly lows. 

BTC 的价格在日线图上横盘整理。 资源: BTCUSDT交易视图

Bitcoin Miners Will Contribute With The Downside Price Action?

On the macro scene, the U.S. Federal Reserve (Fed) is the biggest hurdle for future Bitcoin profits. The financial institution is trying to bring inflation down by hiking interest rates. This monetary policy has harmed risk-on assets. 

美联储主席杰罗姆鲍威尔暗示将放宽货币政策,但这种可能性可能会降低。 近期强劲的美国经济数据可能为进一步加息提供支持。 

市场定价 75 月再加息 XNUMX 个基点 (bps)。 除了美联储收紧政策外,俄罗斯和乌克兰之间的战争增加了市场的不确定性。 冲突在主流媒体的头条新闻中后退了一步,但敌对行动正在升级。 

#俄国普京说核战争的威胁正在上升。 普京说,俄罗斯认为核武器是对袭击的回应。 说俄罗斯的核武器是冲突中的威慑因素。 pic.twitter.com/5RMIC7UK6A

- Holger Zschaepitz(@Schuldensuehner) 2022 年 12 月 7 日 

在本地现场,来自 CryptoQuant 的数据与 NewsBTC 分享了最新的 Bitfinex 报告 indicates that BTC miners are “moving a large amount of Bitcoin out of their wallets.” These transactions are often bearish indicators for the cryptocurrency. 

Miners take out BTC to sell in the market and cover their operations costs. This selling contributes to BTC’s bearish pressure. Bitfinex noted the following while sharing the chart below: 

On the other hand, when the value of the indicator decreases, this indicates that miners are withdrawing coins from their wallets. Such a trend could be bearish for Bitcoin since the miners could be transferring their coins out of their wallets in order to sell them on exchanges. BTC exchange inflows have also increased slightly over the past week after declining significantly over the few weeks prior to that.

Source: CryptoQuant via Bitfinex Alpha Other Factors To Consider

除了苦苦挣扎的矿工,市场还看到 BTC 持有者亏本出售他们的代币。 支出利润率 (SOPR) 指标高于 XNUMX,这意味着由于当前的宏观环境,投资者正在投降并套现。 

Bitfinex highlighted increased retail investors holding BTC as a positive takeaway from this data. These investors are adding to their balance while the price trends to the downside. These investor classes, the report claims, are “resilient in the face of price drawdowns” and could finally put a bottom in the BTC price.

资料来源:Glassnode 通过 Bitfinex

原始来源: NewsBTC