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Are Mining Companies Selling Their Bitcoins❓

• Yello, ladies and gentlemen🔰😎!

💎Crypto Mining Companies Stock Performance has been on a steep decline over the past 2 months, with 5 of the 6 largest companies (from thousands around) reporting losses in double digits.

💎With mining companies reporting such losses over the last 2 months, we can clearly see that they’re not selling their Bitcoins and that these multi-million companies don’t care about the current correction and patiently waiting for much higher prices to start selling in profit, because they are clever and know that technically and fundamentally crypto still needs to revisit certain levels and sentiment around retail before this bullish macrocycle will end.

💎This, together with other on-chain data, is a strong indicator that crypto will see an aggressive mid-long term rise over the next few months (for the next 2-3 years) before another multiyear bear market will take place.

💎Also worth mentioning that BTC mining difficulty had just hit a new All-Time High (click and check here) (https://t.me/MyCryptoParadise_Blog/252) after breaking our previous May highs when BTC first broke above $60k. This is putting a tremendous amount of pressure on Bitcoin miners.

💎If we see a further rise in BTC mining difficulty, for 99% of mid-sized miners, mining will not be profitable anymore. In the meantime, most of the BTC mined right now is simply being held instead of being sold, expecting higher prices, as we already said.

💎This creates a lower selling supply, and we are still holding the same bias that this oversold environment without new sellers and leverage bears who are pushing the price down right now to create low prices for new big boys to jump in are getting exhausted will push prices of Bitcoin and mostly the one great and strong altcoins up in the next couple of weeks.

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