Bitcoin Capitulation Among Small Miners is Starting, Making a Correction Likely

Small bitcoin miners are selling more tokens than they mine, according to weekly data provided by ByteTree. They produced 5,888 BTC on a weekly adjusted timeframe but sold 6,473 BTC to offset their operational costs. The trend, coupled with bearish technical fractals, amounts to more potential downside corrections in the bitcoin market. A recent reduction in operational revenues is forcing Bitcoin miners to sell off their existing crypto holdings. The 21-day Miner’s Rolling Inventory, a […]