Miners Sold Part of Their BTC, But Demand Keeps Growing!
According to CryptoQuant data, as Bitcoin reached a new high of $93,500, some miners decided to lock in profits by selling a portion of their BTC.
However, CryptoQuant analysts believe that BTC has not yet reached an overvalued level.
In their view, the current market-to-realized value ratio does not indicate an overvaluation of BTC.
This suggests that the price may rise to $100,000 in the near future.
However, CryptoQuant analysts believe that BTC has not yet reached an overvalued level.
In their view, the current market-to-realized value ratio does not indicate an overvaluation of BTC.
This suggests that the price may rise to $100,000 in the near future.