$BTC As the highly anticipated Bitcoin halving approaches, recent data reveals a significant decrease in miners' BTC reserves, accompanied by a surge in transfers to exchanges. Miners strategically sell ahead of halving events to cover costs and invest in more efficient equipment amid intensified competition. This trend, three times higher in miner-to-exchange transfers than the reverse, signals a dynamic shift in the market. While it may exert short-term pressure on Bitcoin's price, it underscores the evolving nature of the ecosystem, where miners' decisions shape market dynamics. The halving isn't just a technical milestone; it's a strategic turning point for miners, investors, and the broader crypto market.
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