Defi platform DTX raises $730k in weeks as Bitcoin miners sell BTC holdings
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As Bitcoin miners sell billions in holdings, causing BTC to lose key support levels, DTX Exchange emerges as a promising opportunity for 100x gains.
Bitcoin miners have significantly contributed to the BTC price downfall by liquidating billions in Bitcoin holdings. This led to a 14-year low in reserves of Bitcoin miners, raising concerns among market experts. However, an emerging tradFi giant DTX Exchange witnesses massive capital influx as investors shift focus to its new features and technologies.
Bitcoin miners liquidated $2 billion worth of BTC in June
According to data by IntoTheBlock, Bitcoin miners have sold 30,000 BTC, worth $2 billion as the reserves fell by 1.94 million BTC to 1.91 million BTC in June. In total, 50,000 BTC were liquidated this year, indicating a sudden spike in selling activity by miners, raising concerns among analysts and holders.
Experts attribute this sudden selling spike to the recent Bitcoin Halving that reduced the block rewards to 3.125 from 6.25. Reduced profit margins are pushing Bitcoin miners to navigate losses and liquidate holdings for gains.
BTC price drops below $61k failing to maintain dominance
Following the selling spree of Bitcoin miners, the recent decision of the German government to liquidate a massive 47,000 BTC has triggered a notable FUD in the sector. BTC price struggles to maintain market dominance as large-scale investors are dumping their holdings, leading to a 102% spike in transactional volume.
Breaching below $61k with a 7% drop in a week, BTC price is witnessing high volatility. BTC price has not reached this level since May which is a concern for holders as the next target is the $57k threshold. The market is expected to turn bearish after $313 million was liquidated in crypto assets.
DTX Exchange raises $730,000 amid surging global demand
DTX Exchange (DTX) emerges as an all-in-one trading solution by seamlessly integrating 1000x leverage features and distributive liquidity pools for 120k digital assets from diverse financial markets in its hybrid trading platform. The project has grabbed a massive $730,000 in stage 2 of the public presale in a short period.
The commitment to individual ownership and user security allows DTX Exchange to offer non-custodial wallets, multi-tier accounts, and KYC-free onboarding with blockchain layer 1 technology. With the best features of CEX and DEX, DTX aims to enhance the user experience with its secure, accessible, and easy-to-use platform, making it a formidable force in the defi sector.
The success of DTX Exchange is attributed to its unique trading solutions and deflationary tokenomics, merging itself with the changing landscape of trading. Furthermore, priced at $0.04 in stage 2, the DTX token presents an enticing opportunity for early adopters to secure positions in the project, promising 100x returns on investments once the presale concludes.
Conclusion
Bitcoin miners drive a wave of speculation around the industry giant, leading the BTC price to a pitfall. Amid all the negativity, DTX Exchange is emerging as a hope for investors due to its industry-backed features and market relevancy. The project can hold the center stage of the defi sector as soon as presale concludes, set to become the biggest exchange of global scope.
To learn more, visit the DTX presale, read the Whitepaper and join the DTX community.
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