Bitcoin Miners Under Pressure to Offload Holdings as Mining Revenue Drops: Insights from Kaiko Data
Tuesday, 14 May 2024, 00:54
Bitcoin Miners Prepares for Sell-Off
A bitcoin selloff likely looms large as the miners face pressure to offload their holdings amid a steep revenue drop-off, Kaiko data showed.
Pressure on Miners to Liquidate Holdings
Bitcoin miners are under significant pressure to sell off their BTC holdings as mining revenue continues to decline, leading to concerns about market instability.
- Key Point: Miner liquidation could trigger a significant selloff in the cryptocurrency market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.