The Bitcoin Mining Block Post

The Bitcoin Mining Block Post

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The Bitcoin Mining Block Post
The Bitcoin Mining Block Post
Strong Network Fundamentals and Weak Price Action

Strong Network Fundamentals and Weak Price Action

Profitability is getting squeezed from two sides

Nico Smid's avatar
Nico Smid
Sep 06, 2022
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The Bitcoin Mining Block Post
The Bitcoin Mining Block Post
Strong Network Fundamentals and Weak Price Action
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Over the last weeks Bitcoin price has shown continued weak action. BTC dropped below the $20k level. Meanwhile, the fundamentals of the network look very strong. The circulating supply that moved in the last month, was at a record low of 6,1%. Long term holders are not selling. The amount of wallets holding 0,01 to 0,1 BTC & 0,1 to 1 BTC have increased …

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