728. Bitcoin Sell Pressure Analysis | Massive $BTC Selling Coming?
Aug 18, 2022 ·
35m 59s
The market rout during May and June created a new generation of forced bitcoin sellers, as known institutions dumped close to 240,000 BTC. Due to their "hodl at any cost...
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The market rout during May and June created a new generation of forced bitcoin sellers, as known institutions dumped close to 240,000 BTC. Due to their "hodl at any cost strategy", public bitcoin miners had spent the previous year building up among the largest bitcoin treasuries. As with most die-hard hodlers with such enormous treasuries, the public bitcoin miners didn't manage to escape the bear's claws and were forced to dump thousands of bitcoin in May and June to fire sale prices. Meanwhile, Celsius has gotten court blessing to sell its mined Bitcoin to cover restructuring costs.
~This episode is sponsored by iTrust Capital~
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~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
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| Author | Rever Networks |
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