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irfan_pak10
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July 03, 2020, 02:32:01 PM
 #21
Previously, when miners transferred BTC to exchanges, a sharp drop observed in the value of bitcoin which opened a bear cycle. Miners usually operate on cash, which means they need to liquidate their holdings (BTC) from time to time to fund the cost of mining. It is not yet evident whether the latest transactions will cause a price drop as the price of BTC is still above $9k.
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