Reviewing the Bitcoin metrics minutes ago I came across this
Let's see
Massive Bitcoin sale by Miners
As we see today they are selling 3391 bitcoin.
On average they were selling 4800 bitcoin weekly, so today they are selling 70% of the total that they sold in the previous week.
Be careful with this data and see how sales in the next few days follow
There should be a demand for those bitcoin or else the price could drop if miners continue to do this massive bitcoin sales
What you think?
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Quite interesting as we did not see the impact on prices at the moment.
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Still holding on to this idea of miner capitulation aight' ;)
Relax dude, hold your coins and enjoy the ride, if the market could absorb miner sales pre-halving I have no doubt it can take post-halving selling pressure
I hope that demand will continue to absorb all bitcoin going massively for sale or else we will see strong corrections.
I'm not holding on to Mining Capitulation I just report the indicators, (like hash ribbons) that can help us see the price situation more clearly.
Want to see the price situation more clearly? zoom out of the day chart, look at the price on a multi-year time frame, learn the fundamental of the tech, talk to devs and build.
Day trading will just wreck you in the long run, financially, emotionally or both
This is just my opinion here