Bitcoin miner sell pressure 'weakening' as BTC withdrawals drop 85%

CryptoQuant: Bitcoin miner withdrawals"rapidly decreasing", which cut their subsidy per mined block by 50%.

“As a result, mining activity decreased, and miners began selling Bitcoin in OTC transactions to cover mining operation costs.”among miners, per the popular Hash Ribbons metric — the 30-day moving average hash rate is below its 60-day equivalent.

Source: Digital Coin News (digitalcoinnews.net)

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