Bitcoin Miners Are Dumping Their BTC Targeting Cardano (ADA) and DTX Exchange (DTX) as BTC Whales Suffer Heavy Losses

Blockchain data analysis shows BTC whales were heavily impacted by the price drop and managed to amass an incredible 20,600 Bitcoins valued at $1.38 billion on June 11.

Blockchain data analysis reveals that BTC whales were heavily impacted by the recent price drop, managing to amass an impressive 20,600 Bitcoins, valued at $1.38 billion, on June 11. This event coincides with the market uncertainty caused by potential decreases in interest rates within the cryptocurrency market.

This uncertainty can influence investors' decisions and market dynamics, leading to fluctuations in crypto prices and trading volumes. As a result, investors are seeking havens in Cardano (ADA) and DTX Exchange (DTX), considering their expansion potential and current prices.

Bitcoin Miners Are Starting to Dump Their BTC

Bitcoin has recently encountered a price correction, causing market volatility. The BTC token fell from $71 to $69 on 7th June. The price has been fluctuating to achieve its previous uptrend ever since then.

Amid the market volatility, BTC miners are dumping their coin reserves following almost two months of strained revenue in the aftermath of the network’s fourth ‘halving’ event.

An analytical report suggests that the BTC miners have been sending their BTC to exchanges in droves, reaching a two-month high of 3,000 BTC—worth approximately $207 million—on June 9.

This was followed by a 3% correction of BTC’s price to $66,000. BTC miners sold 1,200 BTC for about $83 million over the counter. It was the largest daily selling volume since a 1,600 BTC sell-off day in late March.

Cardano (ADA) To Reach $2 Mark As Chang Upgrade Gains Ground

As the Cardano Chang upgrade is gaining ground, the Cardano (ADA) price is expected to surge by over 300% to $2. The upgrade gives users greater control over the network’s governance. It is expected to provide users with an advanced governance system, treasury, and annual budgets, as well as better support.

A renowned crypto analyst reveals that the upcoming Cardano (ADA) hard fork has sparked excitement in the Cardano community. The crypto analyst brings up earlier Cardano network updates, all of which caused the ADA’s price to spike higher. The enthusiasm surrounding the Alonzo hard fork in 2021 is one noteworthy instance of the ADA price rising in reaction to a network upgrade.

Relying on the expected price surges, BTC whales shift to Cardano (ADA) eyeing its explosive growth potential. ADA is expected to rise 370% to $2 and the timeline for this is placed for August, which is only two months away.

DTX Exchange Attracts BTC Whales With 1000X Leverage

DTX Exchange (DTX) has been a focal point for BTC whales who are fixated on the trading platform’s growth potential. The platform helps traders diversify their portfolios in different financial markets including forex, cryptos, and stocks. The 1000x leverage facilitates investors to acquire massive gains through minimum capital. No KYC (Know Your Customers) requirements act like a cherry on the top, empowering the investors.

The traders can optimize their assets without slippage through a liquidity pool of over 120,000 financial assets. These features have helped DTX raise almost $700,000 at the beginning of stage 2 of its presale. The DTX token, placed at $0.04, is an incredible offer for investors. Considering the presale performance, the DTX price is sure to shoot shortly.

The impending giveaway is another factor playing a pivotal role in grabbing investors. Thus, DTX has appeared as one of the best investments for BTC whales.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-miners-dumping-btc-targeting-cardano-ada-dtx-exchange-dtx-btc-whales-suffer-heavy-losses.html

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