Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-miners-sell-to-maximize-recent-profits" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Miners Sell to Maximize Recent Profits</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/market-woes-stress-short-term-bitcoin-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> miners are seizing the opportunity presented by a recent uptick in prices, liquidating around 25,000 <a href="https://en.bitcoinhaber.net/bitcoin-draws-institutional-investors" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> during the latest price surge. Bitcoin’s value surged by 4% in the past day, exceeding $90,000 and marking a new high. However, on-chain data suggests that miners may encounter difficulties in pushing prices to $100,000, potentially stalling progress.</p>
<h2 style="text-align: justify" id="strong-why-are-miners-increasing-their-sales-strong"><strong>Why Are Miners Increasing Their Sales?</strong></h2>
<p style="text-align: justify">Research lead Julio Moreno from CryptoQuant highlights that miners have ramped up their sales efforts as Bitcoin prices surpass the $90,000 threshold. Noteworthy BTC transfers from mining operations drew significant attention recently, aligning with the price spike and elevated sales activity.</p>
<h2 style="text-align: justify" id="strong-could-high-profit-margins-signal-trouble-strong"><strong>Could High Profit Margins Signal Trouble?</strong></h2>
<p style="text-align: justify">Moreno points out that unrealized profit margins have climbed to 47%, which may indicate potential price corrections or market pullbacks. Historically, such high profit margins have been precursors to downturns, raising concerns among market watchers.</p>
<p style="text-align: justify">Recent developments paint a nuanced picture:<br> – Miners are increasing sales to counterbalance rising operational costs.<br> – Unrealized profits are at a concerning 47%, which suggests possible price declines ahead.<br> – Share prices of major mining firms have dipped recently, failing to meet third-quarter expectations.<br> – A cautious approach from investors could impact BTC’s price trajectory.</p>
<p style="text-align: justify">As the demand for spot Bitcoin ETFs appears to wane following last week’s surge, investors may need to adopt a more cautious outlook. These factors promise to shape the landscape of BTC’s price behavior in the near term.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-miners-sell-to-maximize-recent-profits" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Miners Sell to Maximize Recent Profits</a></h5>

Bitcoin Miners Sell to Maximize Recent Profits

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