Market analysis

Yello, ParadiseClub Members! 😎 Let’s unravel the latest buzz around Bitcoin miners and what it means for our market journey:

💎Bitcoin miners are currently holding steady at breakeven, and there’s a slight upward trend in their revenues. This positive sign is showcased in the chart below, indicating that miners are being fairly compensated. If Bitcoin’s price remains above $59K, we’re likely to avoid any immediate selling pressure from these Bitcoin miners.

💎From the ParadiseTeam’s Profesional Traders: The Long-Term Holders‘ (LTH) Sell-Side Risk ratio is currently lower compared to previous all-time highs (ATH). This signals that LTHs are taking profits more cautiously than in past cycles. They might be biding their time, waiting for even higher prices before ramping up their selling pressure. So, prepare for the price recovery soon.

Stay focused, patient, and disciplined Paradisers🥂

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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.