Who is actually selling into this weakness? It’s not panic from the whole market. The data points to miners and opportunistic whales. Look at the first chart: Miner Netflow Total. When the bars are red, it means miners are sending more BTC to exchanges than they are receiving.
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Who is actually selling into this weakness? It’s not panic from the whole market. The data points to miners and opportunistic whales. Look at the first chart: Miner Netflow Total. When the bars are red, it means miners are sending more BTC to exchanges than they are receiving.