HomeUncategorizedMiners send millions to exchanges — 5 things to know in Bitcoin this week By Cointelegraph

Miners send millions to exchanges — 5 things to know in Bitcoin this week By Cointelegraph

July 4, 2023

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© Reuters

(BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds.

BTC price action refuses to succumb to bears after 20% gains in Q2, with weekly and monthly timeframes looking strong. What’s next?

1-hour chart. Source: TradingView
BTC/USD annotated chart. Source: Jelle/Twitter
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
Bitcoin miners to exchanges inflows annotated chart. Source: Glassnode/Twitter
Bitcoin balance in miner wallets chart. Source: Glassnode
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin LTH-MVRV chart. Source: Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me