Beware of robber banks (RB), bad advisors.
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Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish
Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners from running down their inventory. table According to data source ByteTree, miners have sold 920 BTC and generated 844 BTC in the past 24 hours, pushing their inventory down by 76 BTC and keeping the miner’s rolling inventory (MRI) figure above 100%. “Miners HODL [hold] when the market is ... (full story)
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- Jun 3, 2020 5:23pm Jun 3, 2020 5:23pm
- Not-KPMG
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- trumps
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Compulsions can be hard to resist
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- Jun 3, 2020 6:28pm Jun 3, 2020 6:28pm
- Not-KPMG
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Beware of robber banks (RB), bad advisors.