DeFi
Defi DTX platform raises $730,000 in weeks as Bitcoin miners sell off their BTC holdings
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As Bitcoin miners sell billions of shares, causing BTC to lose key support levels, DTX Exchange emerges as a promising opportunity for 100x gains.
Bitcoin miners largely contributed to the fall in BTC prices by liquidating billions of Bitcoin holdings. This led to a 14-year low in Bitcoin miner reserves, sparking concerns among market experts. However, emerging tradFi giant DTX Exchange is seeing a massive influx of capital as investors focus on its new features and technologies.
Bitcoin miners liquidated $2 billion worth of BTC in June
According to data from IntoTheBlock, Bitcoin miners sold 30,000 BTC, worth $2 billion, as reserves fell from 1.94 million BTC to 1.91 million BTC in June. A total of 50,000 BTC have been liquidated this year, indicating a sudden increase in miner selling activity, sparking concerns among analysts and holders.
Experts attribute this sudden surge in sales to the recent Bitcoin halving that reduced block rewards from 6.25 to 3.125. Shrinking profit margins are pushing Bitcoin miners to manage their losses and liquidate their holdings to realize gains.
BTC Price Falls Below $61,000, Unable to Maintain Dominance
After the Bitcoin miners’ selling spree, the German government’s recent decision to liquidate a massive 47,000 BTC has sparked a notable wave of fear in the industry. The BTC price is struggling to maintain its market dominance as large-scale investors dump their holdings, leading to a 102% increase in trading volume.
Falling below $61,000 with a drop of 7% in one week, the price of BTC is experiencing strong volatility. The BTC price has not reached this level since May, which is a source of concern for holders as the next target is the $57,000 threshold. The market is expected to turn bearish after the liquidation of $313 million in crypto assets.
DTX Exchange Raises $730,000 Amid Strong Global Demand
DTX Exchange (DTX) emerges as an all-in-one trading solution by seamlessly integrating 1,000x leverage features and distributive liquidity pools for 120,000 digital assets from various financial markets into its hybrid trading platform. The project raised a colossal sum of $730,000 during the second stage of the public pre-sale in a short period of time.
Commitment to individual ownership and user security allows DTX Exchange to offer non-custodial wallets, multi-tier accounts, and KYC-free integration with layer 1 blockchain technology. With the best features of CEX and DEX , DTX aims to improve user experience through its secure, accessible and easy-to-use platform, making it a formidable force in the challenge industry.
The success of DTX Exchange is attributed to its unique trading solutions and deflationary tokenomics, blending into the changing trading landscape. Additionally, priced at $0.04 during Stage 2, the DTX token presents an exciting opportunity for early adopters to obtain positions in the project, promising a 100x ROI once the presale finished.
Conclusion
Bitcoin miners are sparking a wave of speculation around the industry giant, driving the price of BTC to a cliff. Amidst all this negativity, DTX Exchange emerges as a hope for investors due to its industry-backed features and market relevance. The project can take center stage in the challenge sector as soon as the pre-sale ends, on the way to becoming the largest exchange on a global scale.
To learn more, visit the DTX presale, read the white paper And join the DTX community.
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