Bitcoin miners are selling: is capitulation here?
Public Bitcoin miners sold a record 32,000 BTC as hashprice hit post-halving lows and rigs switch off. Is this capitulation a bottom or more pain?
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In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike to $448M, with $265M of that figure coming from short positions, highlighting that overleveraged bears.. The post Crypto News Today (July 2): BTC Can’t Reclaim $60K, Solana Sets Fresh Network Records, June Crypto Losses Top $76M appeared first on 99Bitcoins.
Read full articlePublic Bitcoin miners sold a record 32,000 BTC as hashprice hit post-halving lows and rigs switch off. Is this capitulation a bottom or more pain?
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Bitcoin accumulation rises across wallet sizes as BTC tests $61K resistance, with key support and resistance levels in focus. Bitcoin is showing fresh signs of accumulation as wallets of nearly every size shift back into buy mode. The change follows months of selling pressure tied to the recent price drop. On-chain data points to retail […] The post Bitcoin Accumulation Surges Across Wallets as BTC Tests $61K Resistance appeared first on Live Bitcoin News.
"Your window to buy crypto this cheap is almost gone," one analyst argued.
The beginning of this week has been a busy one for the $BTC price. From making a new low at just under $58K, the price then rallied 6% but has since come back to potentially confirm $60K as support again. Bounce or failed rally from here?