btc miners might start selling for eth and solana soon

Cryptocurrency News and Public Mining Pools

btc miners might start selling for eth and solana soon

been seeing a lot of posts on reddit lately where people are rotating out of btc into eth and solana. saw a post about someone selling 25% of their btc for eth got me thinking is this a gradual process taking place?

mining profits are squeezed post halving, and some miners are selling more btc than they earn just to cover costs. Impacting payouts. eth looks strong EMA stacking, ETF inflows ($2.1B in Q3), and Pectra upgrade boost. if 4k breached miners might see more upside there than holding BTC altcoins keep pushing & solana’s outperformance over others, there is more short term benefit in it. if large miners start rotating from btc to eth/sol, it could create some selling pressure on btc while boosting the alts.at least the reddit seems to suggest that retail is making such moves. this might push btc price to 115k giving ETH and Solana a boost toward 5K or usd200.

anyone else think miners might start following retail's lead on the btc to eth/sol rotation? or are they more likely to just keep selling for operational cash flow? the timing seems interesting with eth showing strength and sol holding up better than most alts miners aren't dumb they know how to read charts and market dynamics

submitted by /u/hodorrny
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