Bitcoin Miners Have Been Selling their Bags Since BTC hit $42k

Quick take: Bitcoin Miners’ Position Index has hit an 8 year high According to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42k The selling is ongoing and the main reason BTC is bearish at least in the short term Over 116k BTC options expire this Friday and could bring additional selling pressure However, institutions are still buying Bitcoin and the $30k support might just hold Bitcoin miners have been realizing profits since BTC hit […]