{"id":624788,"date":"2024-06-15T11:30:30","date_gmt":"2024-06-15T11:30:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=624788"},"modified":"2024-06-15T09:29:51","modified_gmt":"2024-06-15T09:29:51","slug":"unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","title":{"rendered":"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold"},"content":{"rendered":"

Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency.<\/span><\/p>\n

According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On Friday, June 14th, the BTC price fell<\/a> to around the $65,000 level \u2014 its lowest level in nearly a month.<\/span><\/p>\n

Bitcoin Miners Offload Over 1,200 BTC In One Day<\/strong><\/h2>\n

In a recent post on the X platform, crypto analyst Ali Martinez revealed<\/a> that Bitcoin miners have been active in the open market in recent days. Specifically, these network entities have been trimming their BTC holdings, and selling their assets for profit.<\/span><\/p>\n

Related Reading: Quiet Summer Ahead For Bitcoin, But Ethereum Holds Potential for Surprise \u2014 QCP Capital<\/a><\/div>\n

Martinez mentioned in his post that the Bitcoin miners offloaded more than 1,200 BTC (worth roughly $80 million) in a single day. According to the crypto pundit, this increased selling activity by the miners might have played a significant role in the premier crypto\u2019s recent correction to $65,000.<\/a><\/span><\/p>\n

\"Bitcoin\"
Source: Ali_charts<\/a><\/figcaption><\/figure>\n

This on-chain observation is in tandem with CryptoQuant\u2019s latest weekly report. The blockchain analytics firm noted that miners were transferring their coins to exchanges and over-the-counter (OTC) desks for sale, as the Bitcoin price hovered between $69,000 and $71,000.<\/span><\/p>\n

According to CryptoQuant<\/a>, the recent decision of miners to offload their holdings Is associated with the declining revenues following the halving event. With reduced transaction fees and persistently high network hashrates, miner revenues have continued to dwindle over the past few months.<\/span><\/p>\n

Furthermore, CryptoQuant mentioned that historical patterns suggest that sustained low revenues and high hashrate could imply a potential market bottom. Ultimately, this means that the Bitcoin market could be stabilizing or getting ready for upward movement.<\/span><\/p>\n

Whales Join The Sell-Off, Dump 50,000 BTC<\/strong><\/h2>\n

Further on-chain observations show that miners are not the only entities responsible for the recent selling pressure. In another post on X<\/a>, Martinez revealed that Bitcoin whales have also been offloading significant BTC amounts in recent days.<\/span><\/p>\n

Based on data from Santiment, whales have sold 50,000 BTC (equivalent to about $3.3 billion) in the past 10 days. Bitcoin whales – in this particular data point – refer to holders that own between 1,000 – 10,000 BTC.<\/span><\/p>\n

Related Reading: Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears<\/a><\/div>\n

While the price of BTC fell<\/a> as low as 65,000 in the past day, it is beginning to show some signs of recovery. As of this writing, Bitcoin is valued at $66,266, reflecting a 0.7% decline in the past 24 hours.<\/span><\/p>\n

\"Bitcoin\"
Bitcoin price attempts to hold above the $66,000 level on the daily timeframe | Source: BTCUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On Friday, June 14th, the BTC price fell to around the $65,000 level \u2014 its lowest level in nearly a month. Bitcoin Miners Offload Over 1,200 BTC In One Day In a recent post on the X platform, crypto analyst Ali Martinez revealed that Bitcoin miners have been active in the open market in recent days. Specifically, these network entities have been trimming their BTC holdings, and selling their assets for profit. Related Reading: Quiet Summer Ahead For Bitcoin, But Ethereum Holds Potential for Surprise \u2014 QCP Capital Martinez mentioned in his post that the Bitcoin miners offloaded more than 1,200 BTC (worth roughly $80 million) in a single day. According to the crypto pundit, this increased selling activity by the miners might have played a significant role in the premier crypto\u2019s recent correction to $65,000. This on-chain observation is in tandem with CryptoQuant\u2019s latest weekly report. The blockchain analytics firm noted that miners were transferring their coins to exchanges and over-the-counter (OTC) desks for sale, as the Bitcoin price hovered between $69,000 and $71,000. According to CryptoQuant, the recent decision of miners to offload their holdings Is associated with the declining revenues following the halving event. With reduced transaction fees and persistently high network hashrates, miner revenues have continued to dwindle over the past few months. Furthermore, CryptoQuant mentioned that historical patterns suggest that sustained low revenues and high hashrate could imply a potential market bottom. Ultimately, this means that the Bitcoin market could be stabilizing or getting ready for upward movement. Whales Join The Sell-Off, Dump 50,000 BTC Further on-chain observations show that miners are not the only entities responsible for the recent selling pressure. In another post on X, Martinez revealed that Bitcoin whales have also been offloading significant BTC amounts in recent days. Based on data from Santiment, whales have sold 50,000 BTC (equivalent to about $3.3 billion) in the past 10 days. Bitcoin whales – in this particular data point – refer to holders that own between 1,000 – 10,000 BTC. Related Reading: Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears While the price of BTC fell as low as 65,000 in the past day, it is beginning to show some signs of recovery. As of this writing, Bitcoin is valued at $66,266, reflecting a 0.7% decline in the past 24 hours. Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":605367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,639,679,87389,78790,83531],"class_list":["post-624788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-miners","tag-bitcoin-price","tag-btc-miners","tag-btcusdt","tag-cryptoquant"],"acf":[],"yoast_head":"\nUnveiling Bitcoin's Drop To $65,000<\/title>\n<meta name=\"description\" content=\"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unveiling Bitcoin's Drop To $65,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T11:30:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-15T09:29:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"522\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold\",\"datePublished\":\"2024-06-15T11:30:30+00:00\",\"dateModified\":\"2024-06-15T09:29:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\"},\"wordCount\":476,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\",\"keywords\":[\"bitcoin\",\"bitcoin miners\",\"bitcoin price\",\"BTC miners\",\"BTCUSDT\",\"cryptoquant\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\",\"name\":\"Unveiling Bitcoin's Drop To $65,000\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\",\"datePublished\":\"2024-06-15T11:30:30+00:00\",\"dateModified\":\"2024-06-15T09:29:51+00:00\",\"description\":\"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\",\"width\":700,\"height\":522,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\",\"name\":\"Opeyemi Sule\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"caption\":\"Opeyemi Sule\"},\"description\":\"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227\",\"https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi\"],\"url\":\"https:\/\/uniquehot.com\/author\/oluwatosino\/\"}]}<\/script>\n","yoast_head_json":{"title":"Unveiling Bitcoin's Drop To $65,000","description":"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","og_locale":"en_US","og_type":"article","og_title":"Unveiling Bitcoin's Drop To $65,000","og_description":"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-15T11:30:30+00:00","article_modified_time":"2024-06-15T09:29:51+00:00","og_image":[{"width":700,"height":522,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","type":"image\/jpeg"}],"author":"Opeyemi Sule","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/fwOpeyemi","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Opeyemi Sule","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/"},"author":{"name":"Opeyemi Sule","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8"},"headline":"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold","datePublished":"2024-06-15T11:30:30+00:00","dateModified":"2024-06-15T09:29:51+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/"},"wordCount":476,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","keywords":["bitcoin","bitcoin miners","bitcoin price","BTC miners","BTCUSDT","cryptoquant"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","url":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","name":"Unveiling Bitcoin's Drop To $65,000","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","datePublished":"2024-06-15T11:30:30+00:00","dateModified":"2024-06-15T09:29:51+00:00","description":"Bitcoin has faced a significant amount of selling pressure over the course of the past week, according to the latest on-chain data.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","width":700,"height":522,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8","name":"Opeyemi Sule","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","caption":"Opeyemi Sule"},"description":"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/uniquehot.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Unveiling Bitcoin’s Drop To $65,000: Here\u2019s How Much BTC Miners Sold","url":"http:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin miners","bitcoin price","btc miners","btcusdt","cryptoquant"],"dateCreated":"2024-06-15T11:30:30Z","datePublished":"2024-06-15T11:30:30Z","dateModified":"2024-06-15T11:30:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Unveiling Bitcoin’s Drop To $65,000: Here\\u2019s How Much BTC Miners Sold\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/unveiling-bitcoins-drop-to-65000-heres-how-much-btc-miners-sold\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/photo_2024-04-27_05-05-56.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin miners\",\"bitcoin price\",\"btc miners\",\"btcusdt\",\"cryptoquant\"],\"dateCreated\":\"2024-06-15T11:30:30Z\",\"datePublished\":\"2024-06-15T11:30:30Z\",\"dateModified\":\"2024-06-15T11:30:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/photo_2024-04-27_05-05-56.jpg?fit=700%2C522","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/624788"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=624788"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/624788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/605367"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=624788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=624788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=624788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}