View: Bitcoin miners are selling BTC at a record pace in 2023
Source: BlockBeats
Time: 2025-09-09 20:46:04
According to BlockBeats, on September 9, Charles Edwards, founder of Capriole Investments, a crypto-quantitative digital asset fund, posted a statement saying, "Bitcoin miners are selling Bitcoin in large quantities, with a speed not seen since the price of Bitcoin reached $19,000 (at the end of 2022 level). There are usually two reasons for this: 1. Profit margins are tightened and miners need cash (this is not the case now); 2. Bearing the market at profitability. In either case, the currency price will usually be higher in one month."