The miners have all fled, and you’re still trying to buy the dip? CryptoQuant: Miners have just 1.19 million $BTC left, the lowest level since 2009. Exchange inflows have also hit a nine-month high—coins are being moved to exchanges as soon as they’re mined, clearly to sell. $BTC 73,537 is stuck at 73,500; 75,717 above is the short-term holders’ cost basis, while 72,871 below is where $70.5 million in long positions are piled up for liquidation. Above 74,357, another $68.2 million in short positions are at risk of liquidation. Put simply, it’s a meat grinder right now—blades on both sides.
A: The miners have capitulated. If 72,871 breaks, we’re heading straight for 70,000. Get out first. B: Miners selling all they can is the bottom signal. If 73,500 holds, buy in. Which side are you on?
$BTC $ETH
#比特币 #矿工 #Liquidations
A: The miners have capitulated. If 72,871 breaks, we’re heading straight for 70,000. Get out first. B: Miners selling all they can is the bottom signal. If 73,500 holds, buy in. Which side are you on?
$BTC $ETH
#比特币 #矿工 #Liquidations