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Bitcoin reserves on crypto exchanges have hit an annual low, with CryptoQuant reporting 2.6 million BTC and Coinglass noting 2.4 million. This decline suggests potential price...
Bitcoin miner capitulation occurs when mining costs exceed Bitcoin's market price, leading many miners to shut down. Despite this, Bitcoin's hashrate has reached a record high,...
With demand pushing Bitcoin above $27,000, the price closed September above a bullish metric. This is the 20-period simple moving average (SMA), as highlighted today by...
In summary, miners' reduction of their reserves may be contributing to the local decline in the Bitcoin price. However, one analyst believes that this trend may...