No More Panic Selling? Bitcoin Miners Hold Strong as BTC Nears $115K
After months of ups and downs, Bitcoin miners are finally under less pressure to sell. CryptoQuant analyst Axel Adler Jr says the market is now out of its “stress zone,” but it’s still not showing the big rallies we’ve seen before. He also warns that the $115,000 level could be a danger zone for the market.
So, what does this mean for traders? Let’s break it down!Miners Out of the Danger ZoneAccording to the latest analysis from CryptoQuant expert Axel Adler Jr., miners are currently in a stable position, with no signs of the heavy selling that often happens when they’re under financial pressure.
Looking at the chart, it compares Bitcoin’s current price to where it was the last time mining difficulty hit its lowest point.+7.4% (green zone) — right now, the price is higher than the...
