View: Bitcoin miners may be selling BTC in large quantities due to bearish market
Source: Odaily
Time: 2025-09-09 20:48:09
Odaily Planet Daily News Charles Edwards, founder of Capriole Investments, a crypto-quantitative digital asset fund, posted a statement saying that 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 situation: 1. The profit margin is tight and miners need cash (this is not the case now); 2. Bear on the market in profitable state. In either case, the coin price will usually be higher after one month.