Bitcoin is at a critical turning point after facing several days of selling pressure and consolidating above the $60,000 mark. While some analysts and investors are anticipating a massive rally in the coming months, key data indicates that the market may not be ready for a breakout just yet. Recent on-chain data from CryptoQuant reveals that miners are offloading BTC, with their reserves showing a noticeable decline. This suggests that selling pressure from miners could be contributing to the current slowdown. Despite the optimism for a future rally, the combination…
