Bitcoin miners have sold over 20,000 BTC in a week, raising concerns about a further dip in prices. While it is common for miners to sell a portion of their mined Bitcoin to fund their operations, the scale of this sell-off is significant. This large volume of Bitcoin hitting the market can increase selling pressure and potentially push prices lower. However, there is optimism that the selling pressure will decrease after the Halving event, leading to a resurgence in bullish sentiment. Marathon, one of the mining firms, also shared plans for expansion and utilizing renewable energy sources.
AI Sentiment: Negative
