Should You Be Worried About Bitcoin

• Bitcoin’s price endures fluctuations, staying near the $10,000 mark.
• Miners have liquidated a significant portion of their assets recently.

This past 48 hours has seen Bitcoin miners sell off an unprecedented 85,503 BTC, leaving their total holdings at approximately 1.95 million BTC—marking a notable low for recent months. This steep decline is now recognized as the most significant change in miner balances observed in 2024.

The implications for Bitcoin’s market valuation are becoming increasingly scrutinized.

Analysis of Miner Sales vs Price Trends

The latest reduction in miner balances stands out as the largest since February; however, it hasn’t yet led to any direct shifts in Bitcoin’s pricing trends. Analysis provided by Santiment indicated that miner supply had surpassed 2 million on December 5.

Your current observation indicates this count has already dipped to about 1.95 million.

“Source: Santiment.”..

–>
–>)

)) |
|- ‘>’| },

‘– / ‘

(
/
]
|
|

“‘[– —

-‘-d” d/ }) (*+ + }

→ »
———,
?>’);
*/

/*!
TODO: Implement initial loading state
* ]

“; //* PHP open tag ${ DATE()); } return; }} )) } "}; //css-projects }]); } #### Continued Content:

“`
This divergence between miner activities and price behaviors underlines Bitcoin’s growth trajectory and sophistication within financial markets. Despite substantial liquidation events by mining entities leading to high selling volumes, Bitcoin has remained remarkably robust and stable around its peak values as buyers continue absorbing sell pressures while holding firm against bearish trends caused by macroeconomic uncertainty.">">
“`