Bitcoin miners are moving a large amount of BTC which looks very unusual

[Juancoliman55 7]

Not only are markets and prices affected by the buying and selling of normal market participants, but miners feeding the underlying network with huge BTC reserves can also have an even greater effect.

Several large miners were seen moving 'unusually large' sums of BTC overnight, just before the massive market crash. Could they be responsible for the most recent drop in Bitcoin price below $ 11,000? And why are these miners suddenly selling their cryptocurrency when the asset is supposed to be in a new bull market?

Blockchain data shows massive departures from BTC mining pool ahead of crypto market crash

When Bitcoin was created, it gave birth to a new financial technology. There is the cryptocurrency itself, and then there is the blockchain network that sustains these tokens.

The health and function of these networks, as well as their degree of decentralization, can have a dramatic impact on the value of an asset.

Take Ethereum Classic for example. Repeated 51% attacks have hampered the altcoin's valuation. Supply and demand also impact valuations, along with the constant push and pull of market buying and selling.

Miners who help secure and operate the Bitcoin network often need to sell the cryptocurrency to fund operations. Miners can wait until prices rise to do so. With Bitcoin trading at over $ 10,000 in recent months, miners may have decided that the time was right to dump some supply.

According to fully transparent blockchain data, miners began moving an "unusually large" sum of BTC to exchanges. Bitcoin had already dropped below $ 12,000 at that time.

[luis quiroz 67]

13 minutes ago, Juancoliman55 said:

Not only are markets and prices affected by the buying and selling of normal market participants, but miners feeding the underlying network with huge BTC reserves can also have an even greater effect.

Several large miners were seen moving 'unusually large' sums of BTC overnight, just before the massive market crash. Could they be responsible for the most recent drop in Bitcoin price below $ 11,000? And why are these miners suddenly selling their cryptocurrency when the asset is supposed to be in a new bull market?

Blockchain data shows massive departures from BTC mining pool ahead of crypto market crash

When Bitcoin was created, it gave birth to a new financial technology. There is the cryptocurrency itself, and then there is the blockchain network that sustains these tokens.

The health and function of these networks, as well as their degree of decentralization, can have a dramatic impact on the value of an asset.

Take Ethereum Classic for example. Repeated 51% attacks have hampered the altcoin's valuation. Supply and demand also impact valuations, along with the constant push and pull of market buying and selling.

Miners who help secure and operate the Bitcoin network often need to sell the cryptocurrency to fund operations. Miners can wait until prices rise to do so. With Bitcoin trading at over $ 10,000 in recent months, miners may have decided that the time was right to dump some supply.

According to fully transparent blockchain data, miners began moving an "unusually large" sum of BTC to exchanges. Bitcoin had already dropped below $ 12,000 at that time.

Very interesting information, it is possible that this is one of the causes, but if you can see something positive in all this, I see that despite the last negative impacts that the btc has had, it remains above $ 10,000 that is very important and reflects the strength that bitcoin is reaching.

[Sajjad noori 53]

I think the number of bitcoin miners has decreased because bitcoin is no longer the same as before, maybe I'm wrong

[Dedo 263]

Thank you for this important information .. I believe that Bitcoin is strong and will continue to rise, as many investors are interested in digital currencies, especially Bitcoin.

[Magayinde 207]

There was a predicted bitcoin halving which had happened some months back. It should be noted that there's no trader that will want a loss on their part. SK every trader must have been adapted to the sense of subscribing for other alt coins in case their is a signal of btc talking or dumping at any time