I just noticed an interesting trend among Bitcoin miners. They are starting to make a massive pivot to AI, and this could be a significant signal for the market. If large miners begin shifting their focus, it means the selling pressure on BTC could be greater than we expect during this period. Previously, they preferred to hold for the long term, but now the opportunity cost of AI is too high to pass up. This isn't good news if you're bullish on BTC in the short term. Worth monitoring how this flow develops in the coming months.

BTC-0.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin