Miners are swapping coins for AI data centers—is this the start of long-term selling pressure, or have the weak hands finally been shaken out?
😅 If even miners aren’t holding coins, the people still shouting HODL might be the last source of liquidity.
① MARA sold 13,597 BTC over six weeks (about $1.1 billion), equal to 40% of its holdings at the end of September, at an average price of about $81,039 (CoinDesk / MARA Q3 shareholder letter).
② Of that, $750 million went toward repaying Bitcoin-backed loans; the remaining coins will go toward building AI data centers.
③ Spot BTC ETFs saw another $201 million in outflows on Monday (SoSoValue); BTC at $74,775 (+1.2%), Fear & Greed Index at 32.
🎙 “Today’s bagholders are the people treating miners’ selling as the final bit of bad news, then buying the dip with maximum leverage.”
📌 U.S. October CPI is due tonight at 21:30 (Taipei time). Please reduce leverage and set stop-losses in advance. This is not investment advice.
#MARA #CPI $BTC $MARA