Bitcoin Price Stagnation, Miner Sell-off Warning
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potential Bitcoin miner sellCoinGape
•Business
Business & Economics
Bitcoin (BTC) Price Analysis: Analyst Sounds Miner Sell-off Warning as BTC Holds $96K
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70% Informative
Bitcoin price has stagnated over the last four days , consolidating just above $96,500 on February 9 .
Capriole Investments founder Charles Edwards has issued a warning of a potential Bitcoin miner sell-off amid the market stagnation.
Bitcoin miners aggregate reserves dropped sharply from 1.94 million to 1.91 million between February 4 and February 8 , with 30,000 BTC outflows amounting to nearly $3 billion , per IntoTheBlock data.
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