Bitcoin has encountered strong selling pressure above the price of $27000! The reason is that the profit margins of Bitcoin miners have been squeezed to the bottom in recent weeks, and they have had to sell off their newly produced Bitcoin on a large scale. What operation is this? Are these miners playing the game of 'new bottles can't hold old wine'?Industry insiders have pointed out that the price of Bitcoin has fallen below the critical $27000, which means we may be facing a bearish trend
Bitcoin has encountered strong selling pressure above the price of $27000! The reason is that the profit margins of Bitcoin miners have been squeezed to the bottom in recent weeks, and they have had to sell off their newly produced Bitcoin on a large scale. What operation is this? Are these miners playing the game of 'new bottles can't hold old wine'?
Industry insiders have pointed out that the price of Bitcoin has fallen below the critical $27000, which means we may be facing a bearish trend. If Bitcoin continues to bear greater downward pressure, there may be a collective sell-off by investors, and then Bitcoin will collapse!
This regulatory storm has had a huge impact on the Bitcoin market. Investors are all afraid and choose to leave the market to avoid risks. The Coin Security Trading Platform has become a "money shortage exchange", with funds flowing out of the platform totaling 719 million US dollars within 24 hours. This decline is not a joke! Can Bitcoin still live peacefully?
The prospects of Bitcoin are truly unpredictable, as it seems that the miners' sell-off scene is not over yet, and regulatory storms are also following wave after wave. Investors are a bit hesitant to put their money on Bitcoin and are starting to invest in traditional financial markets. However, we still need to remain optimistic. Who knows when Bitcoin will suddenly turn around? Perhaps it's just a potential stock, it just needs more time to prove itself!
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