Market analysis
The exchange of hands holding BTC continues‼️
- Yello, ladies and gentlemen🍸😎!
💎The big boys keep playing it well, keeping Bitcoin below the electricity and production cost of most retail miners.
💎Day by Day, these individuals and smaller mining companies are losing money, and most of these miners’ revenue can’t meet the break-even point, so they have to cash out to cover expenses/loans.
💎As you can see in the picture above, some mining pool participants from Poolin just sent another 5000 BTC (~$110M) to Binance, selling in losses, and the big boys continue buying from them cheaply.
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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.
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