$BTC is Getting Crushed Despite Billions Flowing Inโฆ Hereโs Why ๐คฏ
Bitcoin isnโt failing โ a hidden wave of selling is hitting the market. Hereโs the breakdown:
China just re-imposed restrictions on Bitcoin mining, slashing the hash rate by ~8%. Even a small drop in hash rate triggers immediate selling from miners and long-term holders. ๐
Early Asian whales anticipated this and began offloading weeks ago. On-chain data confirms increased selling from long-term holders over the last 1-2 months. Plus, miner capitulation is forcing liquidations as revenue dries up.
Hereโs the kicker: US investors are *still* buying (Coinbase shows net inflows), but Asian exchanges (Binance, Bybit, OKX) are showing consistent net selling, mirroring patterns from Q4.
This isnโt panic; itโs a structural shift in supply. $ETH is also feeling the pressure. Price weakness will likely persist until this selling subsides. Smart money tracks supply, not just headlines.
#USNonFarmPayrollReport #WriteToEarnUpgrade #USJobsData #CPIWatch ๐
