Bitcoin Miner Selling Pressure Drops Sharply: What It Means for the Market
Key Highlights: Total daily Bitcoin mining revenue surged 78% from $27 million to $48 million, driven by higher prices and an uptick in transaction fees. CryptoQuant analytics reveal a marked slowdown in miner selling pressure following Bitcoin’s climb to $76,000 on August 21. Outflows from legacy early-era miners fell to roughly 600 BTC in September—down ...