#miningselloff
miningselloff
24 views
3 Discussing
Hot
Latest
500 $BTC DEPOSITED BY RIOT PLATFORMS โ SELLING PRESSURE INCOMING ๐ฅ
Onchain data confirms Riot Platforms moved 500 BTC (โ$29.48M) to custody, signaling active distribution. This is the second major miner deposit in 48 hours โ institutional supply is hitting the market.
Bitcoin is already trading inside a low-liquidity zone on the daily. If this selling absorbs the current bid, we could see a sweep below the nearest support. How do you position when miners dump into thin order flow?
Not financial advice. Always manage your risk.
#BTC #MiningSellOff #OnChainSignal #Crypto
๐ฅ
Onchain data confirms Riot Platforms moved 500 BTC (โ$29.48M) to custody, signaling active distribution. This is the second major miner deposit in 48 hours โ institutional supply is hitting the market.
Bitcoin is already trading inside a low-liquidity zone on the daily. If this selling absorbs the current bid, we could see a sweep below the nearest support. How do you position when miners dump into thin order flow?
Not financial advice. Always manage your risk.
#BTC #MiningSellOff #OnChainSignal #Crypto
๐ฅ
MINERS SELL $1.78B OF $BTC โ BEARISH DEEPENING OR SHORT-TERM FLIP? ๐จ๐
28,000 coins off the books this year โ that's a heavy bid being ripped away, and the 27% bleeding says the market felt every ounce. Critics scream "deeper bear," pointing at the supply wall. But there's another angle: this dump might be the reset that shakes out weak hands and rewrites the liquidity game โ๏ธ.
The sell-off isn't a one-way street. Miners liquidating inventory can act as a clearing event โ prices drop, but the floor often gets firmer once the overhang is gone. Is this the capitulation whisper, or the roar of a new leg down? The tape is split, but the volume tells me traders are watching the order books like hawks ๐
Which side are you riding โ the dump thesis or the reset play? Cast your vote and drop your reasoning below ๐ณ๏ธ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BTC #EDEN #SCRT #MiningSelloff #CryptoMarket
๐ฅ๐ช
28,000 coins off the books this year โ that's a heavy bid being ripped away, and the 27% bleeding says the market felt every ounce. Critics scream "deeper bear," pointing at the supply wall. But there's another angle: this dump might be the reset that shakes out weak hands and rewrites the liquidity game โ๏ธ.
The sell-off isn't a one-way street. Miners liquidating inventory can act as a clearing event โ prices drop, but the floor often gets firmer once the overhang is gone. Is this the capitulation whisper, or the roar of a new leg down? The tape is split, but the volume tells me traders are watching the order books like hawks ๐
Which side are you riding โ the dump thesis or the reset play? Cast your vote and drop your reasoning below ๐ณ๏ธ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BTC #EDEN #SCRT #MiningSelloff #CryptoMarket
๐ฅ๐ช
Log in to explore more content