Bitcoin miners have been selling off their reserves, with the total amount of #Bitcoin sitting in their wallets hitting a seven-month low.
The sell-off has sparked speculation of an impending drop in #BTC price.
The miners' reserves have been in free fall since the beginning of December, with over 3,000 BTC sold off in just the last 24 hours.
The sell-off could be due to investors locking in profits for 2023, capping an explosive year for the #cryptocurrency market.
The impact of miner activity could be weighing on the odds of bullish price continuation.
The miners have enjoyed a significant revenue boost in Q4, with fees spiking amid the highest #bitcoin price levels since April 2022.
