Institutions and miners are dumping Bitcoin, increasing risk of “dead cat bounce”
At the end of May 2022, public wallets of miners held about $1.5 billion in Bitcoin. Purpose Bitcoin ETF sold 24,500 Bitcoin on Friday, increasing selling pressure on the asset and pushing BTC into a low of $18,000. Leading American economist Paul Krugman argues that the recent recovery in Bitcoin price is a “dead cat … Read more