Source: TheMerkle.com
Last week, Bitcoin witnessed a significant miner capitulation as outflows reached 19,000 $BTC on August 5, marking the highest level since March.
This mass selling likely occurred as miners faced shrinking profit margins, which dropped to 25%, the lowest since January. With their margins under pressure, many miners were forced to liquidate their holdings.
We may have seen a miner capitulation last week as Bitcoin outflows hit 19K $BTC on
Read More https://themerkle.com/bitcoin-sees-miner-capitulation-amid-bullish-signals-and-historic-milestones/
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Source: TheMerkle.com
