Wednesday, June 25, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

  • Gaming
    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Alice Collective Enters Web3’s Retro Future With Persona Journey

    My Neighbor Alice Enters Web3’s Retro Future With Persona Journey

    What to Expect from the Bored Ape Telegram Sticker Drop

    What to Expect from the Bored Ape Telegram Sticker Drop

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

    7 Classic Video Games That Defined Their Consoles

    7 Classic Video Games That Defined Their Consoles

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

  • Gaming
    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Alice Collective Enters Web3’s Retro Future With Persona Journey

    My Neighbor Alice Enters Web3’s Retro Future With Persona Journey

    What to Expect from the Bored Ape Telegram Sticker Drop

    What to Expect from the Bored Ape Telegram Sticker Drop

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

    7 Classic Video Games That Defined Their Consoles

    7 Classic Video Games That Defined Their Consoles

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
in Bitcoin
11
Will miner selling pressure be Bitcoin’s hurdle to $100K?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Miners were selling BTC to cover costs or secure profits, acting as resistance.
  • A much stronger dip-buying was needed to absorb this pressure.

The interplay between bullish market sentiment and selling pressure from miners is a classic dynamic in cryptocurrency cycles.  Over the past three days, since Bitcoin [BTC] reached an all-time high of $93K, miners have been offloading to cover operational costs or secure profits.

Such events often present opportunities for bears to short Bitcoin, as demonstrated two days ago when BTC dipped to $86K, recording a 3% decline.

However, the bulls remained resilient, pushing Bitcoin back near its ATH, as BTC was trading at $91,389, at press time.

From an economic standpoint, high liquidity in the market combined with miner selling creates an ideal “dip” buying opportunity for savvy investors. If they capitalize effectively, the market could absorb selling pressures, potentially setting Bitcoin up for a new all-time high.

Are miners slowing down BTC?

Bitcoin stakeholders are at a crossroads, torn between selling or holding for the long term. This uncertainty is understandable, as BTC sits in a ‘high risk’ zone. Even a small shift could trigger panic in the market.

However, miners are facing a different challenge. The recent halving reduced miner rewards to 3.125 BTC, making it harder to cover expenses and lock in profits.

As a result, driven by both necessity and profit-taking, miners’ reserves have hit an all-time low, with daily outflows following a historical pattern seen during previous Bitcoin market tops.

miners selling

Source : CryptoQuant

In other words, if miners keep offloading their holdings each time Bitcoin hits a new ATH, which happened three times in under ten trading days, it could delay Bitcoin’s rise above $93K and jeopardize a potential parabolic run to $100K.

Yet, there is a silver lining. Tether’s treasury has resumed printing new USDT tokens, fueled by the surge of investors flocking to Bitcoin in the post-election cycle. This signals rising demand in the market, boosting liquidity.

See also  Crypto Miner Riot Platforms Set to Take Over Rival Firm Bitfarms

As mentioned earlier, higher liquidity means more Bitcoin is up for grabs. However, if the retail market finds a better “dip” than $91K, much of the responsibility could fall on institutional investors and big holders.

Thus, their next moves will be crucial in determining whether Bitcoin can reach a new ATH before the weekend.

Bitcoin needs fresh incentives for long-term growth

Unsurprisingly, the crypto market often moves on speculation. Bulls are banking on what they expect might happen, even if it hasn’t materialized yet.

Although the United States building a reserve of Bitcoin is currently just a concept rather than a concrete plan, it remains one of the key factors that bulls are eyeing to avoid offloading their holdings.

Other factors fueling this optimism include the U.S. positioning itself as the next crypto hub. Notably, there’s a resurgence of FOMO in the market, expected Fed rate cuts next month, and a massive influx of billions into ETFs.

Together, these factors have helped prevent Bitcoin from experiencing a major pullback. However, they haven’t stopped a minor correction, with BTC recently dipping to $86K, largely driven by miners’ selling. Therefore, pushing BTC above $100K won’t be an easy task—there will likely be hiccups along the way. 

whales

Source : IntoTheBlock

Over the past week, the net flows of large holders have remained positive, but with a notable decline. This suggests that even these big players are taking more cautious, calculated moves.


Read Bitcoin (BTC) Price Prediction 2023-24


In summary, for long-term growth, Bitcoin needs consistent fresh incentives to keep its profitable stakeholders from selling. Minor corrections are inevitable as weak hands shake out.

If bulls remain resilient, BTC could push to a new ATH before the weekend. However, surpassing $100K might be delayed.

Next: XRP’s $50 billion market cap milestone – Is $2 REALLY on the cards?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Miners were selling BTC to cover costs or secure profits, acting as resistance.
  • A much stronger dip-buying was needed to absorb this pressure.

The interplay between bullish market sentiment and selling pressure from miners is a classic dynamic in cryptocurrency cycles.  Over the past three days, since Bitcoin [BTC] reached an all-time high of $93K, miners have been offloading to cover operational costs or secure profits.

See also  Semler Scientific increases BTC holdings, views Bitcoin as a future asset

Such events often present opportunities for bears to short Bitcoin, as demonstrated two days ago when BTC dipped to $86K, recording a 3% decline.

However, the bulls remained resilient, pushing Bitcoin back near its ATH, as BTC was trading at $91,389, at press time.

From an economic standpoint, high liquidity in the market combined with miner selling creates an ideal “dip” buying opportunity for savvy investors. If they capitalize effectively, the market could absorb selling pressures, potentially setting Bitcoin up for a new all-time high.

Are miners slowing down BTC?

Bitcoin stakeholders are at a crossroads, torn between selling or holding for the long term. This uncertainty is understandable, as BTC sits in a ‘high risk’ zone. Even a small shift could trigger panic in the market.

However, miners are facing a different challenge. The recent halving reduced miner rewards to 3.125 BTC, making it harder to cover expenses and lock in profits.

As a result, driven by both necessity and profit-taking, miners’ reserves have hit an all-time low, with daily outflows following a historical pattern seen during previous Bitcoin market tops.

miners selling

Source : CryptoQuant

In other words, if miners keep offloading their holdings each time Bitcoin hits a new ATH, which happened three times in under ten trading days, it could delay Bitcoin’s rise above $93K and jeopardize a potential parabolic run to $100K.

Yet, there is a silver lining. Tether’s treasury has resumed printing new USDT tokens, fueled by the surge of investors flocking to Bitcoin in the post-election cycle. This signals rising demand in the market, boosting liquidity.

As mentioned earlier, higher liquidity means more Bitcoin is up for grabs. However, if the retail market finds a better “dip” than $91K, much of the responsibility could fall on institutional investors and big holders.

See also  Bitcoin's hash rate surges, but what's up with miner fees?

Thus, their next moves will be crucial in determining whether Bitcoin can reach a new ATH before the weekend.

Bitcoin needs fresh incentives for long-term growth

Unsurprisingly, the crypto market often moves on speculation. Bulls are banking on what they expect might happen, even if it hasn’t materialized yet.

Although the United States building a reserve of Bitcoin is currently just a concept rather than a concrete plan, it remains one of the key factors that bulls are eyeing to avoid offloading their holdings.

Other factors fueling this optimism include the U.S. positioning itself as the next crypto hub. Notably, there’s a resurgence of FOMO in the market, expected Fed rate cuts next month, and a massive influx of billions into ETFs.

Together, these factors have helped prevent Bitcoin from experiencing a major pullback. However, they haven’t stopped a minor correction, with BTC recently dipping to $86K, largely driven by miners’ selling. Therefore, pushing BTC above $100K won’t be an easy task—there will likely be hiccups along the way. 

whales

Source : IntoTheBlock

Over the past week, the net flows of large holders have remained positive, but with a notable decline. This suggests that even these big players are taking more cautious, calculated moves.


Read Bitcoin (BTC) Price Prediction 2023-24


In summary, for long-term growth, Bitcoin needs consistent fresh incentives to keep its profitable stakeholders from selling. Minor corrections are inevitable as weak hands shake out.

If bulls remain resilient, BTC could push to a new ATH before the weekend. However, surpassing $100K might be delayed.

Next: XRP’s $50 billion market cap milestone – Is $2 REALLY on the cards?
Tags: 100KBitcoinshurdleminerpressureSelling

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Gemini issues apology for false Bitcoin price alert! Details here… 
Bitcoin

Will Trump scrap crypto taxes? What it means for Bitcoin

November 16, 2024
Next Post
Earthlings Launches a Play-T0-Earn Game, ‘STEAM RUNNER’ on Hedera Network

Earthlings Launches a Play-T0-Earn Game, ‘STEAM RUNNER’ on Hedera Network

Comments 11

  1. Denizköşkler su kaçak tespiti says:
    7 months ago

    Denizköşkler su kaçak tespiti Feneryolu su kaçağı tespiti: Feneryolu’nda su kaçağı tespiti için güvenilir hizmet. https://www.finlandmlbforum.com/ustaelektrikci

    Reply
  2. nj8sh says:
    3 weeks ago

    how can i get cheap clomiphene price clomid one fallopian tube can i order cheap clomiphene pills clomid tablets for sale order clomid pill can you get clomid for sale where can i get generic clomid tablets

    Reply
  3. cheap cialis ireland says:
    2 weeks ago

    Good blog you be undergoing here.. It’s intricate to espy great worth writing like yours these days. I really recognize individuals like you! Take care!!

    Reply
  4. flagyl buy online says:
    2 weeks ago

    Thanks for sharing. It’s first quality.

    Reply
  5. 0n1my says:
    2 weeks ago

    buy generic azithromycin over the counter – oral ofloxacin 200mg buy flagyl 400mg pill

    Reply
  6. hayw1 says:
    2 weeks ago

    cost semaglutide 14mg – rybelsus without prescription cyproheptadine 4mg without prescription

    Reply
  7. 1arau says:
    1 week ago

    motilium 10mg usa – cyclobenzaprine 15mg brand cyclobenzaprine without prescription

    Reply
  8. igxup says:
    1 week ago

    buy generic propranolol online – plavix oral order methotrexate pills

    Reply
  9. ckscd says:
    4 days ago

    amoxicillin buy online – cheap amoxil for sale ipratropium cheap

    Reply
  10. hq0zb says:
    2 days ago

    zithromax where to buy – purchase azithromycin online nebivolol ca

    Reply
  11. 85rhu says:
    5 hours ago

    purchase augmentin without prescription – atbioinfo order ampicillin for sale

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Cardano ($ADA) On-Chain Transaction Volume Has Surged Over 1,700% Since January, Data Shows

Cardano ($ADA) On-Chain Transaction Volume Has Surged Over 1,700% Since January, Data Shows

October 12, 2023
3 cheap tokens to buy for 30 to 50x gains in 2024

Millionaires to be made with Internet Computer (ICP), Helium (HNT) & Option2Trade (O2T)

February 16, 2024
Helm Capital Group unveils theater-backed token for Broadway production

Helm Capital Group unveils theater-backed token for Broadway production

December 30, 2024
Delabs Games Announces Web3 Gaming Partnership with Galxe

Delabs Games Announces Web3 Gaming Partnership with Galxe

November 14, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Bitcoin Miner CleanSpark Hits 50 EH/s Hashrate Milestone
  • Bitcoinn set for biggest mining difficulty drop since 2021 as hashrate collapses
  • Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.