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Tag Archives: Bitcoin News

Increasing Negative Interest in BTC as Its Price Struggles to Find Upward Momentum

BTC struggles to find pace and add gains. It slumped over 3% on 21 June, dropping below $64,000, and presently fluctuates just above $64,000. It has fallen by 8% over the past month. Despite hope and anticipation for price rises, BTC has failed to find its footing and perform like it did earlier this month when it surged past $70,000. Whales and miners have liquidated over $1.2 billion of BTC within the past two weeks because of the price decreases. Factors like a strong dollar and investors...

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BTC Sees Whales and Miners Selling $1.2 Billion in Two Weeks

- Ad - Bitcoin whales and miners have liquidated $1.2 billion of collective holdings, indicating increased profit-taking. It has been so ever since the largest cryptocurrency by value crossed the $70,000 mark at the end of May. They are most likely selling their reserves to brokers rather than on exchanges. CryptoQuant’s data suggests exactly that, as it reveals Bitcoin UTXO age band sizes decreasing – a phenomenon associated with increased BTC selling – without funds moving to exchanges....

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