Bitcoin Miners Dumping Coins Aggressively After Market Value's Brief Visit Above $100K

⛏️📉 Bitcoin's collective mining balances have been dropping since April, 2024. However, this latest drop of 85,503 BTC in just 48 hours is the most extreme we've seen since late February, 2024 (2 weeks before the then $73K all-time high). Note that these wallets have NOT been correlative with price for most of this year. Overall, non-mining whales and sharks are still accumulating. Consider this a net-neutral signal for the time being.

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