Public Bitcoin miners dumped 28,000 BTC this year, adding $1.78 billion in selling pressure. This sell-off, a key factor in BTC's 27% slide since 2026, comes as miners face squeezed margins and pivot to AI. The average cost to produce one Bitcoin is now $74,300.
Our read: ETF outflows grab headlines, but public miners are the underappreciated supply source hitting the market. In a fear market, even small, steady selling has outsized impact. It's another sign the current low is more fragile than it looks.
$BTC at 64,083 must hold above the EMA50 at 64,065. Lose that, and 63,238 is next.
$BTC
Our read: ETF outflows grab headlines, but public miners are the underappreciated supply source hitting the market. In a fear market, even small, steady selling has outsized impact. It's another sign the current low is more fragile than it looks.
$BTC at 64,083 must hold above the EMA50 at 64,065. Lose that, and 63,238 is next.
$BTC