Yello, ParadiseClub Members! 😎Do you know miner selling activity has begun once more? Let’s dive deeper and see what are they doing:
💎Recent data reveals a significant trend: the number of addresses with deposits on exchanges has dropped by a whopping 50% quarter-over-quarter. This is a repeat of what we saw during the post-China mining ban market correction, where sellers also thinned out dramatically. However, there’s another twist in the tale—miner selling activity has started to increase, especially since Bitcoin stabilized at the $53,000 support level.
💎From our ParadiseTeam Professional Traders: The mixed signals—decreasing seller addresses on exchanges but increasing miner selling activity—suggest a complex market condition. While it might seem less likely for prices to drop due to reduced exchange deposits, the increased activity from miners could offset this by adding more coins to the market. So analyze the market carefully.
Stay focused, patient, and disciplined Paradisers🥂
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