Bitcoin miners sold 28,000 BTC this year ….here’s why traders care 👀
Public Bitcoin mining companies reportedly reduced their combined holdings from 127,000 BTC to 99,000 BTC, selling around 28,000 BTC worth approximately $1.78 billion. Rising mining costs and the shift toward AI data centers are two major reasons.
This does not mean Bitcoin must crash. But it adds real selling pressure and shows that miners are becoming sellers instead of simply holding every BTC they produce.
Traders: are miners protecting their businesses, or signaling that BTC is too expensive to hold? 👇
#bitcoin #BTC #CryptoNews #Cryptotraders
Public Bitcoin mining companies reportedly reduced their combined holdings from 127,000 BTC to 99,000 BTC, selling around 28,000 BTC worth approximately $1.78 billion. Rising mining costs and the shift toward AI data centers are two major reasons.
This does not mean Bitcoin must crash. But it adds real selling pressure and shows that miners are becoming sellers instead of simply holding every BTC they produce.
Traders: are miners protecting their businesses, or signaling that BTC is too expensive to hold? 👇
#bitcoin #BTC #CryptoNews #Cryptotraders