Bitcoin miners have offloaded over 27 million USD, which may affect BTC’s ability to sustain its price momentum. The cryptocurrency is at a critical resistance level of 87,000 USD amid increasing selling pressure from miners.
Historically, profit-taking by miners signals a potential cooling period for Bitcoin’s rally, possibly leading to consolidation or retracement. Observing miner selling patterns is vital for traders looking to predict BTC’s next moves.
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