Arcane Assets CEO: Key Driver of Bitcoin Price Movement Is Sentiment, Not Mining Behavior

According to dailyhodl, Eric Wall, chief investment officer at crypto investment firm Arcane Assets, says that Chinese miners are likely not the main driver of the recent bitcoin price drop. The “minuscule” daily production of BTC was not a significant factor in the selling pressure. Wall emphasized that the key driver of bitcoin price action is sentiment, not mining behavior.

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