Bitcoin holds the 60,000 mark! Satoshi Nakamoto's miners profited more than 1 million times from clearing BTC during the same period

1. Bitcoin rebounded yesterday (26th) to hit US$624.87 million, and then fell below US$61,000, reaching a minimum of approximately US$60,700.

2. Bitcoin fell below $61,000 again after news broke that a US government wallet sent 3,940 BTC (worth $240 million) to Coinbase Prime.
3. Bitcoin was temporarily trading at $61,010.12 before the deadline, down 1.42% in the past 24 hours.
4. Miner who has been sleeping for 14 years sells BTC
5. The wallet of a miner who has been sleeping for 14 years woke up at 2 am today and transferred 50 Bitcoins to Binance at a price of $61,083.
6. The Bitcoin mined by this miner on July 14, 2010, when the price was only about $0.058.
7. After 14 years of silence, these Bitcoin assets have increased in value by more than 1,053,154 times, bringing miners more than $3.05 million in profits.

   

   Miner selling is one of the reasons why the price of BTC is limited

1. Miners selling Bitcoin

Miners selling Bitcoin is widely considered to be one of the reasons why the price of Bitcoin has been limited recently. QCP Capital said on the 22nd that due to higher breakeven prices after halving, miners are facing huge selling pressure, and its total BTC reserves have decreased by 50,000 from the beginning of the year.

2. Miners “surrender”

QCP said on the 14th that Bitcoin miners are experiencing “surrender” after the halving, thus limiting price increases.

3. Miner reserves continue to decline

In addition, Bitfinex wrote in a report on the 17th that after the halving, miner reserves continued to decline, indicating that miners are working hard to maintain operating efficiency and continue to sell assets to maintain profitability. capabilities and invest in upgrading equipment.

4. Selling pressure has reached critical lows

Currently, miners’ reserves are close to their lowest level in four years, but conversely, the selling pressure from this group may have also reached critical lows.

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