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$BTC MINER DUMP 500 BTC – SUPPLY INCOMING 🚨
On-chain data shows Riot Platforms just moved 500 BTC worth $29.5M into custody — with the explicit intent to sell. That's a half billion in potential selling pressure hitting the market.
The question is whether this gets absorbed by spot buyers or triggers a local dip. We've seen mining liquidations like this create quick oversold bounces before. The 4H order book is already thinning near current levels.
Are you leaning into this dip or stepping aside until the supply clears?
Not financial advice. Always manage your risk.
#BTC #MiningDump #OnChainSignal #Bitcoin #SellingPressure
⚡
On-chain data shows Riot Platforms just moved 500 BTC worth $29.5M into custody — with the explicit intent to sell. That's a half billion in potential selling pressure hitting the market.
The question is whether this gets absorbed by spot buyers or triggers a local dip. We've seen mining liquidations like this create quick oversold bounces before. The 4H order book is already thinning near current levels.
Are you leaning into this dip or stepping aside until the supply clears?
Not financial advice. Always manage your risk.
#BTC #MiningDump #OnChainSignal #Bitcoin #SellingPressure
⚡
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