Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says
Summary
Bitcoin's potential rally in the third quarter of 2024 is explained by a quant due to the disappearance of miner selling pressure. On-chain indicators, such as Miner to Exchange Transactions and Total OTC Desk Balance, show a decline in miner selling activity, suggesting favorable conditions for a potential upward rally. Additionally, Bitcoin's price has rebounded above $63,700 in the last 24 hours.
