Bitcoin Bull Rally Expected as Miner Selling Pressure Eases

Bitcoin (BTC) might start a rally in the third quarter as the miner-driven selling pressure diminishes. Following April’s halving event, Bitcoin miners’ daily income has halved, forcing them to sell substantial amounts of Bitcoin to cover operating costs. According to CryptoQuant’s blockchain analytics, the amount of Bitcoin miners are sending to crypto exchanges has significantly

Source: CoinOtag