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Decrypt - Bitcoin miners are selling off their holdings after the halving event, causing a price dip as they adjust to lower profits

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last monthSteemit

Bitcoin miners are selling a significant amount of their Bitcoin holdings after facing revenue strain following the recent halving event.

This selling pressure, along with miners' struggle to adjust to lower profits, has contributed to a recent 3% price drop for Bitcoin.

Although some analysts believe larger mining companies can handle the situation, even publicly traded miners are selling their reserves.

Beware of Bitcoin dumps!!



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