Bitcoin miners have sold over 3,000 BTC in the past 48 hours, leading to a potential cooling phase in the market as additional supply is introduced. While this selling activity is common during strong price action, it could result in a short-term consolidation phase below the all-time high of $93,400. However, Bitcoin's ability to hold above $90,000 indicates strong underlying demand. Investors are closely watching if Bitcoin can absorb the selling pressure and maintain its bullish trajectory. If sustained, miner selling could signal a shift in sentiment and push Bitcoin toward lower demand zones. On the other hand, if Bitcoin can hold above $86,000, a renewed surge to challenge and surpass its all-time high is possible.



Other News from Today