Another on-chain data provider, CryptoQuant, mentioned that miners exchanged a total of 1300 BTC on 8 November, the day of FTX’s collapse. The FTX’s failure has played a significant role in creating selling pressure in the price chart by BTC miners.
Additionally, Miner Position Index (MPI) has also made a low since May, indicating considerable momentum in BTC outflow by miners with respect to their one-year moving average.
Is It The Final Capitulation For BTC?
The downfall of FTX has become a black eye to the crypto industry as it has barred the market from making green candles in the price chart. The horrific event has trapped the BTC price near its crucial support region with no sign of a reversal.
Additionally, Miner Position Index (MPI) has also made a low since May, indicating considerable momentum in BTC outflow by miners with respect to their one-year moving average.
Is It The Final Capitulation For BTC?
The downfall of FTX has become a black eye to the crypto industry as it has barred the market from making green candles in the price chart. The horrific event has trapped the BTC price near its crucial support region with no sign of a reversal.
Another on-chain data provider, CryptoQuant, mentioned that miners exchanged a total of 1300 BTC on 8 November, the day of FTX’s collapse. The FTX’s failure has played a significant role in creating selling pressure in the price chart by BTC miners.
Additionally, Miner Position Index (MPI) has also made a low since May, indicating considerable momentum in BTC outflow by miners with respect to their one-year moving average.
Is It The Final Capitulation For BTC?
The downfall of FTX has become a black eye to the crypto industry as it has barred the market from making green candles in the price chart. The horrific event has trapped the BTC price near its crucial support region with no sign of a reversal.
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