Removing Marapool and Poolin (chart below), you can clearly see the recent “sell pressure” from miners was only these pools. Considering we haven’t heard that MARA has sold 3,000 - 5,000 BTC it’s likely they are shuffling coins into different addresses. It’s likely the same with Poolin. It’s the mining pool shuffling addresses or individual miners withdrawing. Poolin accounts for ~ 8,000 BTC that many claim has been sold.
This is not to say we won’t see another wave of miner bankruptcies, but many of the companies on the verge of bankruptcy have little or no BTC left to sell.
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For the recording of the Twitter Spaces conversation for this episode, see also another post found here on SN:
Blockware Intelligence Newsletter Breakdown: Week 66📺 #102732
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