Bitcoin Remains Resilient Despite Satoshi-Era Miner Sales

Despite early miners moving 250 BTC, equivalent to $15.9 million, Bitcoin rose by over 7%, reaching $64,043. This demonstrates the cryptocurrency’s resilience to potential selling pressure.

Analysts note that the 100-day EMA for early miner sales is at a yearly low, indicating minimal market impact. BTC’s total daily trading volume was $14.1 billion, declining by 59.99%.

This indicates the maturity of the Bitcoin market and its ability to absorb large transactions without significant price volatility.