DTX Exchange Raises $730,000 Amid Surging Global Demand as Bitcoin Miners Dump Holdings, Causing BTC to Lose Key Support Levels

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 trading giant DTX Exchange witnesses massive capital influx as investors shift focus to its new features and technologies.

Bitcoin miners' massive selloff, amounting to billions in holdings, has caused BTC to lose key support levels and slide down. This selling spree, along with the German government's decision to sell 47,000 BTC, has sparked fear, uncertainty, and doubt (FUD) in the crypto sector. As a result, BTC price failed to maintain dominance, leading to a 102% surge in transactional volume. However, amidst the bearish market trend, DTX Exchange, a hybrid trading platform, has witnessed a massive capital influx, surging to $730,000 in stage 2 of the public presale. The project aims to combine the best features of centralized (CEX) and decentralized (DEX) exchanges, offering 120k digital assets, 1000x leverage, and distributive liquidity pools. Here's a closer look at the recent developments and how they might impact the market.

Bitcoin Miners Sell Billions in Holdings, BTC Loses Key Support Levels
Data from IntoTheBlock reveals that Bitcoin miners have sold 30,000 BTC, valued at around $2 billion, as miner reserves fell by 1.94 million BTC to 1.91 million BTC in June. This selling activity is significantly higher compared to the 20,000 BTC sold in the first quarter. According to the miner outflows, large-scale Bitcoin miners have realized losses in a bid to navigate the halving event that reduced the block reward to 3.125 from 6.25. The reduced profit margins are pushing miners to sell their holdings early for gains.

Bitcoin Price Drops Below $61K, Failing to Maintain Dominance
The selling spree of Bitcoin miners, coupled with the German government's decision to sell a massive 47,000 BTC from its holdings, triggered notable FUD in the sector. The BTC price struggled to maintain market dominance as large-scale investors dumped their holdings, resulting in a 102% spike in transactional volume. After breaching below $61K with a 7% drop in a week, the **BTC** price showcased high volatility. The last time **BTC** price traded at this level was in mid-May, and if it continues to drop, the next target could be the $57K threshold. After $313 million was liquidated in crypto assets, the market is expected to turn bearish.

DTX Exchange Surges to $730,000 in Global Demand
DTX Exchange (DTX) is a hybrid trading platform that combines the best features of CEX and DEX. It offers a one-stop trading solution by 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 massive capital influx, surging to $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.

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