Cointelegraph••1 min read
Bitcoin Accumulation at 60K: Miner Exchange Transfers Raise Rally Concerns
According to reports, Bitcoin accumulators have absorbed 60,000 BTC. However, miners are reportedly sending their rewards to exchanges, a development that could lead to increased sell pressure. The movement of Bitcoin from miners to exchanges is being closely watched by investors, as it could potentially impact the current rally. The market is weighing the effects of accumulation against the potential for increased supply from miners.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
MegaETH sunsets Mega Mafia accelerator program, noting ‘most’ of its successful apps left
The Block•3h ago
Injective files for SEC transfer agent registration to bring securities ownership records onchain
Cointelegraph•4h ago
JPMorgan says bitcoin outlook sees ‘encouraging sign’ as Strategy boosts cash reserves
The Block•4h ago
Ethereum Researcher Francesco D'Amato Departs EF for Ethlabs
Bankless •4h ago