From Investing.com: 2024-06-23 10:30:22

Miners are continuously selling BTC post-halving. Current pace suggests very little BTC left to sell.

Halving event leads to miner capitulation as block rewards halve, causing miners to sell BTC to cover costs.

Market under pressure to sell due to persistent miner liquidation. Hash ribbons still show stress.

Bitcoin struggles to stay above EMAs as RSI indicates market not oversold. Miners’ selling pressure keeps market bearish.

Funding rates on exchanges reflect traders’ sentiment and potential price movements. Neutral funding rate for Bitcoin suggests balanced trading attitude.

Miners’ sales have a significant impact on the market. End of capitulation stage hinges on various factors, including potential price increase.

Read more at Investing.com: Will It Ever End? By U.Today