Miners Total Stopped Selling Bitcoins

[TangentC]

Miners Total Stopped Selling Bitcoins, they simply not selling at this price.

https://ibb.co/kx66VKZ

We going up

79k

$55k, looks like they started selling again. 

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[Streets 2.0]

So we saw a bearish trend today. The next week will show whether this is a market reversal or a simple correction. Obviously, one market is very dependent on information and, unfortunately, due to the specifics of trading, traders are not inclined to double-check this information. As soon as they receive a signal, they begin to react to it without going into much detail in the pursuit of profit. The market is characterized by nervousness because of this, and further we may see a search for a bottom or simply bounce off a strong resistance level, for example, at the level of 50 thousand dollars.

[yhiaali3]

Certainly, holding Bitcoin is a very good option now, especially with the expected correction appearing, the bitcoin price has begun to drop and there is expected to be a strong correction so the best option for miners now is Holding Bitcoin, for investors they have to wait for a strong correction and then buy good quantities of Bitcoin and holding until a new ATH occurs, most likely a few months later.

[noorammak]

With the current increase in the value of Bitcoin, the profit they bring is many times greater than the cost. They just need to sell the Bitcoins they have hoarded to keep the farm running. Big investment funds and businesses like Paypal and banks have joined in, so the price hike will last longer. Miners stop selling Bitcoin is a predictable act. They are following the trend very well.

[TheUltraElite]

$55k, looks like they started selling again. 

Since the last day price has been in the 50k ranges again.

Like I said in my previous post, miners will sell because they are in for the profit not for the technology. That was back in 2010 when indie miners existed and used their CPU and GPUs to mine instead of playing games on them. Some miners might be an exception but the majority of them are doing it for the cash.

Hence corrections will happen and the price will fluctuate. Until the next big news comes in there will be a soft-cap at 60k USD and that will be a selling point. Crossing this level can happen if another bullish news appears or some country sets up more liberal laws about crypto. But defenitely not the miners holding their BTC, they will sell at profit.

[Kakmakr]

People see what they want to see..... If you read the news, you will see that there are significant flooding in China and some mining farms had to shutdown due to this. So the Bitcoin mining has seen a drop in the hashing as a result of this and those miners obviously will have to hold on to their coins, because there are no expenses to pay now.

Some of the big companies are rumored to only buying "clean" and unused coins from miners, so these coins are more in demand now. A lot of the big trades are done OTC ... so it does not even have an impact on the price.  

https://www.theblockcrypto.com/linked/101866/xinjiang-coal-mine-bitcoins-hash-rate