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Count your Bitcoin profits – If you’re a big miner, that is

At the moment, Bitcoin [BTC] might be struggling to shrug off its resistance at $12,000. However, just a few months back, the price position was much worse. In the month of April, for instance, Bitcoin was struggling to sustain a position above $7500. With the much-anticipated May 2020 halving looming at the time, the mining community was right to be pretty concerned. After the halving, however, BTC’s price passed the threshold of $10,000, with many under the impression that miners’ capitulation will now be avoided. Source: Glassnode In fact, for the past couple of months, miner capitulation hasn’t been a…

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