Bitcoin (BTC) miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November.
With Bitcoin currently holding around $43,500, about 33% below the all-time high (ATH) of about $69,000, miners are selling at a less-than-opportune time. However, electricity and equipment bills must be paid.
Data from on-chain analytics firm Glassnode shows that Bitcoin miners have become net sellers after being net hodlers for months.
Source link
