Bitcoin miners selling chart

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As pointed out by an seem to have dumped big recently as their outflow has spiked to the largest value shortly before the price of Nitcoin observed a downtrend.

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Bitcoin Miners Sell-Off!coinhype.org #Hut8 #mara #dwacw #cifrw #corzq
Bitcoin On-Chain Data and Charts for Transactions, Addresses and Miners advanced charts and data provided by The Block. The chart below shows a collective Liquidation/Production Ratio for public miners. A ratio above % means that, in total, public Bitcoin. Glassnode Studio is your gateway to on-chain data. Explore data and metrics across the most popular blockchain platforms.

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Bullish group is majority owned by Block. Low-cost miners have sold fewer tokens, while companies with high operating costs disposed almost all of their mining rewards, VanEck noted. Miner reserves measure the number of coins held by the affiliated miners' wallets. Bitcoin miners ramped up BTC sales to acquire capital to upgrade machinery and prepare for the halving event, when rewards will be cut, a Bitfinex market report said.

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