Bitcoin Miner Sales Don Skyrocket as 81K BTC Dem Enter Exchange
Bitcoin miner dem sales sharp wella for July 15 as dem miners drop 16,000 BTC go exchange, na di biggest daily outflow since April. At di same time, all di exchange inflow jump come 81,000 BTC, because whales they dey offload for di high high price near $123,000. Dis sharp rise for exchange inflow fit bring small short time market supply pressure. Meanwhile, Bitcoin price dey steady between $115,730 and $123,230, buyers dey hold di $115K support and sellers dey try test di $123K resistance. Even with dis sell-off, di on-chain indicator dem still okay and analysts dem see say correction na only temporary. At di same time, Ether exchange deposit don reach almost 2 million ETH—di highest since February—after im rally 131% since April. Traders dem suppose dey watch for possible pullback before di next leg up, cos fundamentals still strong as we dey enter di second half of di year.
Bearish
The sharp rise for miner sales plus beta exchange inflows dey increase short-term selling pressure on top Bitcoin price, fit make am trigger pullback. But, price wey dey stable for the $115K–$123K range and strong on-chain fundamentals suggest say downside no go too much and recovery likely for second half, e balance out the immediate bearish signal.