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Did BTC Miners Crash Bitcoin Price With 51 Days Before the Halving?
Bitcoin (BTC) price has started to show strength in its recovery since the black Thursday selloff this past week, but is this something we can expect to continue? Or is this a dead cat bounce on the way down to lower lows? In today's analysis I’m looking not only at the charts, but also at the possibility of large Bitcoin miners being the cause of the 50% price drop on March 12, after supporting data emerged last week suggesting that short-term holders sold a whopping 281,000 BTC, which resulted in the crash. In an article published by Coinmetrics on March 17, on-chain data supported the fact that short-term BTC ... (full story)
