On April 16, Bitcoin(BTC) dropped over 2% again. This was due to stalled trade negotiations between the US and Europe. Since April 2, Bitcoin has seen several peaks followed by declines, facing strong short-selling pressure.
According to a report from CryptoQuant, Bitcoin miners accelerated their sales last week. On April 7 alone, they sold 15,000 Bitcoins. This marked the third largest single-day sale this year. The outlook for trade talks between the US and several countries remains bleak. Japan and Europe could retaliate at any time, leading to further tariff increases.
Due to tariff uncertainty and rising mining costs, miners have no choice but to sell Bitcoin. This trend may continue. In contrast, several public companies, like Metaplanet and Semler Scientific, are raising funds to buy more Bitcoin. Semler Scientific has applied to the SEC to issue $500 million in securities. Metaplanet announced it will issue $10 million in zero-interest bonds.
Source：TradingKey
According to a report from CryptoQuant, Bitcoin miners accelerated their sales last week. On April 7 alone, they sold 15,000 Bitcoins. This marked the third largest single-day sale this year. The outlook for trade talks between the US and several countries remains bleak. Japan and Europe could retaliate at any time, leading to further tariff increases.
Due to tariff uncertainty and rising mining costs, miners have no choice but to sell Bitcoin. This trend may continue. In contrast, several public companies, like Metaplanet and Semler Scientific, are raising funds to buy more Bitcoin. Semler Scientific has applied to the SEC to issue $500 million in securities. Metaplanet announced it will issue $10 million in zero-interest bonds.
Source：TradingKey
