Miners are selling more than 100% of the mined supply

exchange681 week ago

0 0 2 minutes read

Delve into the dynamics of Bitcoin’s ecosystem, where the financial behavior of miners plays a critical role. Over the past week, an intriguing pattern has emerged as miners began selling more BTC than they mined, dipping into their reserves. But why? It’s a move that could introduce additional supply to the market, pressuring prices downwards. As Bitcoin’s value slipped from $27,000 to $25,000, was this miner sell-off instrumental in the fall? Or is there another factor at play, nudging miners to sell their stash…?

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