Miners sell out BTC on the stock

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Elena Klimovich

15:13 16/06/2022

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Miners sell out BTC on the stock

In two days Glassnode fixed the high activity of selling BTC that reached 9476 tokens and became the biggest in the 7 month period. Experts said that this is the result of trade activity declining and increasing the bearish trend.

Analytics are sure that the main reason is a shortening of the profitability of mining. Earlier miners admitted that the profitability threshold is the cost $21 000 per one bitcoin. But last night the cost was at the $20190 level thus miners made a decision to sell out coins. The profit margin of crypto-farms maintenance declined by 75%.

Despite the volatility that is the normal occurrence for the digital currency market, experts have noticed the warning signs and tendencies. They said if the cost of BTC declines lower than $19783 it will slow down the level of crypto sphere development for 5 or even 10 years.


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