Bitcoin Miners’ Selling Pressure Spikes to 8-Month High, Analysis Shows

Bitcoin miners have been selling their BTC holdings, moving over 4,000 coins valued at around $173 million from their wallets to cryptocurrency exchanges in a single day, the highest figure seen since May 16, 2023. According to on-chain analytics firm CryptoQuant, the moved BTC created selling pressure on the cryptocurrency market that was “calmy absorbed,” […]