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Bitcoin’s Fee Crash Could Lead to Faster Miner Selling, Analysts Predict

6M ago
bullish:

1

bearish:

0

Bitcoin’s Fee Crash

The post Bitcoin’s Fee Crash Could Lead to Faster Miner Selling, Analysts Predict appeared first on Coinpedia Fintech News

The recent halving reduced per-block coin emission from 6.25 BTC to 3.125 BTC. The BTC price is already facing downside risks from MT Gox’s $ 9 billion payout to creditors, and an increase in selling pressure from miners could worsen the situation. The high fees had alleviated post-halving stress on BTC miners, but now they feel the pressure of slashed miner rewards. Markus Thielen, head of 10x Research, expects miners to liquidate roughly $5 billion of BTC in the coming months. Crypto exchange Deribit made a similar observation on X, discussing an option strategy called “bear call spread.” Bitcoin forms lower highs, and miners facing shrinking revenues and fees are pressured to sell their holdings.

6M ago
bullish:

1

bearish:

0

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