UK, 16th August 2022: In this season, cryptocurrency hodlers were trying to sell those Bitcoins, but the wave is going in this direction. One recent prediction says that hodlers will sell those cryptocurrencies going through the year. They will try to sell more than they buy. In this cryptocurrency market zoom, presented by AtoZCrypto.org, you will see how the graph of Bitcoin has performed this year. The curve to $25,000 has been quite problematic, but lately, the pressure has lessened to some aspect.

This might have been caused due to fear of high production costs (much higher than the spot price). The situation might have caused them to be extinguished out of business, or make them retire early due to the low financial viability of their business. Reports from May have stated that this graph is up, and will continue to do this, in 2022. One miner had sold nearly 12,000 BTC in two months, May and July, his name is Core Scientific. The curve might reverse, but the price should be higher to encourage people to be hodlers. This is what reports from all these months have shown the analysts and our experts on AtoZCrypto.org.

Hodlers sold 160% of its assets in July, which is three months in a row. This is 60% more than their 100% production of Bitcoins. This is in contrast to April when hodlers have the highest amount of assets in their possession. This was at an all-time high, but then the balance went downhill at least by 30%. Until the equilibrium, this will take time to reverse and materialize.


Marketers are looking for something significant to happen in the market, until then the pressure will be high. However, people at AtoZCrypto.org, think that the miners will have to face the pain for some time. Some environmental concerns were thankfully dismissed by the concerned parties. BlackRock has praised the sector for this reason. Well, there could be a light at the end of a tunnel, we might just have to wait for it.