Riot Platforms Sells 1,818 BTC for $161.6 Million in December
- Historic Sale: Riot Platforms sold 1,818 BTC in December, achieving a record monthly sales revenue of $161.6 million, despite an approximate 8% decrease in average price compared to November.
- Bitcoin Treasury Reduction: This sale reduced Riot's Bitcoin treasury from 19,368 BTC at the end of November to 18,005 BTC, reflecting the company's strategic response to market downturns while total sales surged by 337% month-on-month.
- Mining Capacity Increase: Riot's commissioned hashrate capacity rose to 38.5 EH/s in December, marking a 5% increase from November and a 22% year-on-year growth, indicating ongoing investments in mining capabilities to counter profitability pressures.
- Power Cost Offset: The company generated $6.2 million in power credits from demand response and reduction programs in December, representing a 171% increase from $2.3 million in November, which partially alleviated costs during periods of heightened grid stress.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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