Bitcoin’s Miners Sell Off Over 2,000 Coins, Weighing on Price near $120K

Despite a significant sell-off by Bitcoin miners this past week, the cryptocurrency remains near its recent high of $120,000. Bitcoin miners have unloaded over 2,000 coins in just three days, reducing their reserves to levels not seen for a month. This move comes as the price consolidates below resistance at $120,000. Price analysis indicates cooling momentum with declining MACD and RSI readings.