From the comment that #bitcoin is experiencing selling pressure after surpassing $31,500 to Binance appointing Eleanor Hughes as its new general advisor. Here are some outstanding news on the #crypto. market
Bitcoin's price has increased by more than 2% and 3% over the past day and week, respectively. At the moment, BTC is trading around $31,200 dollars with a market capitalization of over $606 billion.
On July 14, BTC broke through the key resistance level of $31,500 for the first time since June 2022. However, at this time, the leading asset fell below this threshold again.
Sharks are major contributors to this fluctuation. The tweet from Santiment indicates that, while whales are reducing their holdings, sharks and fish are conversely accumulating more Bitcoin.
#CryptoQuant 's latest analysis reveals that, in addition to investors, miners also play a role in pushing up BTC prices. Takeronchain, analyst and author at CryptoQuant, used the Exchange to Miners indicator to reveal many interesting things.
According to analysis, the Miners to Exchange indicator has had a moderate increase, lower than the Exchange to Miners indicator. This shows that miners are more likely to hold on to their Bitcoins.
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