Yello, ParadiseClub Members! 😎 Have you noticed the latest trends in Bitcoin miners‘ activity? Let’s break it down:
💎Bitcoin miners are slowly cutting back on the amount of Bitcoin they’re sending to exchanges. In fact, the current inflow of BTC has dropped fourfold since the peak sales when Bitcoin hit $68K. While these sales haven’t significantly impacted the market, they reveal important patterns in Bitcoin miners’ behavior. On the other side, on Binance, buying activity remains strong, while Bitmex is seeing a different story with whales selling off their holdings.
💎From our ParadiseTeam professional traders: Binance’s open interest (OI) is climbing sharply following recent rate cut news, indicating that retail traders are jumping in. Meanwhile, Bitmex whales seem to be holding back, showing no signs of urgency. This trend could suggest that retail investors are heavily accumulating while the big players are waiting for clearer signals on the rate cut. If you’re watching the market closely, this could be a key moment to position yourself wisely.
Stay focused, patient, and disciplined Paradisers🥂
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