Are Bitcoin miner reserve outflows enough to yield strong sell pressure

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Are Bitcoin [BTC] miner reserve outflows enough to yield strong sell pressure

One of the best ways to succeed as a Bitcoin trader is to see potential trends before they happen, or in their early stages.

Bitcoin miners usually hold their Bitcoin earnings in reserve in anticipation of higher prices. They can cash out when Bitcoin’s price is high enough to provide a significant profit boost. Well, Bitcoin’s miner revenue metric on Glassnode highlighted a significant drop in miner revenue in the last seven days.Source: Glassnode

 

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