Coin-Turk 13 minutes ago
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A leading cryptocurrency analysis firm reports that a significant portion of Bitcoin 
$99,148 holders rapidly sold their BTC. This trend raises concerns about market stability and future price movements.
Major Sales from Miners
Santiment announced on social media platform X that Bitcoin miners sold BTC worth $8.55 billion in just two days, marking the largest sale in the past ten months. The firm noted that Bitcoin currently moves in parallel with the S&P 500, suggesting that a break in this correlation could be favorable for BTC. Miners have consistently seized sales opportunities at satisfying profit levels over the years. However, mining companies must maintain strong cash reserves to continue operations, which compels them to retain some BTC.
Investor Strategies
Santiment observed that while miners sell BTC, other large investor groups are filling this gap. “Collective mining balances of Bitcoin have dropped since April 2024. However, a drop of 85,503 BTC in …
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