#miningselloff
miningselloff
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500 $BTC DEPOSITED BY RIOT PLATFORMS — SELLING PRESSURE INCOMING 🔥
Onchain data confirms Riot Platforms moved 500 BTC (≈$29.48M) to custody, signaling active distribution. This is the second major miner deposit in 48 hours — 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
🔥
Onchain data confirms Riot Platforms moved 500 BTC (≈$29.48M) to custody, signaling active distribution. This is the second major miner deposit in 48 hours — 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
🔥
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