Capitulation by Unknown Miner 'Caused the Dip,' Says CryptoQuant CEO

Cointelegraph

Published Jun 02, 2020 08:12PM ET

Updated Jun 02, 2020 10:00PM ET

According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip.

The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period.

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