📈 Bitcoin miners remain cautiously optimistic during recovery

Miners — the backbone of proof-of-work blockchain networks — have shown optimism amid recent market volatility. 

They tend to hold onto their BTC during rallies, but occasionally take profits during uncertain periods, especially to cover operational costs.

Following the recent shock from Trump’s trade war, which pushed BTC below $75,000, a rebound of nearly $18,000 since April 9 provided an opportunity for profit-taking.

According to analyst Ali Martinez, miners took profits amounting to around $18.6 million earlier this week when Bitcoin briefly surged above $93,000.

🟣 Ethereum investors move to exit — signs of incoming selloffs

In contrast, the Ethereum landscape appears less encouraging. As previously reported, major long-term holders like Galaxy Digital have begun offloading significant portions of their ETH holdings.

Fresh data from Martinez shows that in just one week, 305,000 ETH — worth around $540 million at current prices — were transferred to exchanges, typically signaling upcoming sell pressure.

In addition, over the past two days, Ethereum whales reportedly dumped 63,000 ETH, equivalent to $110 million, possibly signaling a renewed downtrend.

💹 ETH price update: sharp drop followed by recovery

Earlier this month, ETH dipped to $1,400, effectively wiping out nearly seven years of growth. However, the price recovered to above $1,800 earlier this week, allowing some investors to benefit from the recent spike.

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