„Bitcoin Miner“ agresyvus pardavimas tęsiasi šį lapkritį

Amid the collapse of crypto exchange FTX, there’s massive selling pressure seen for Bitcoin (BTC) and the broader crypto market. The Bitcoin price has corrected more than 21% this month as it turns out to be the worst November for Bitcoin so far.

Bitcoin miners have suffered the maximum during this massive price correction. On-chain data suggests that the Bitcoin miner capitulation has officially begun hinting at further pain ahead in the price of BTC. Bitcoin miner capitulation is a scenario that occurs when the Bitcoin price drops wherein it becomes difficult for some miners to hold the BTC profitably. As a result, they are forced to sell and move off the network.

On the other hand, the Bitcoin hash rate has started to turn over. On a 7-day moving average, the BTC hashrate is 13.7% off its all-time high. The next Bitcoin mining difficulty adjustment, a week from now, shall see -9% adjustment. This is clearly the sign of an early stage of Bitcoin miner capitulation.

In another chart below, we can see that Bitcoin miners have been selling aggressively over the last month. This coupled with the collapse of the crypto exchange FTX has led to further selling pressure on the BTC price.

More pain Ahead With Bitcoin Miner Capitulation?

Several analysts have been pointing out that the contagion of the FTX collapse will further spread to other crypto firms. This could lead to further bleeding for Bitcoin and the overall crypto space. Analysts are tikisi that as the FTX contagion spread, the BTC price could touch as low as $5,000.

The Bitcoin bottom could take another 3-6 months from now. Popular crypto analyst IncomeSharks pranešė: “Bitcoin – When it’s outside factors that drop the price it usually can form V shape reversals (Covid). When it’s internal events (FTX, 3AC, Luna), we most likely see bottoms that take 3 to 6 months to form. Expect slow and boring, spot over leverage”.

Bhushanas yra „FinTech“ entuziastas ir puikiai supranta finansų rinkas. Jo susidomėjimas ekonomika ir finansais atkreipia dėmesį į naujas besiformuojančias „Blockchain“ technologijos ir kriptovaliutų rinkas. Jis nuolatos mokosi ir nuolat motyvuoja dalintis įgytomis žiniomis. Laisvu laiku jis skaito trilerių fantastikos romanus ir kartais tyrinėja savo kulinarinius įgūdžius.

Pateiktame turinyje gali būti asmeninė autoriaus nuomonė ir jis priklauso nuo rinkos sąlygų. Prieš investuodami į kriptovaliutas, atlikite rinkos tyrimus. Autorius ar leidinys neprisiima jokios atsakomybės už jūsų asmeninius finansinius nuostolius.