Opinion: Bitcoin Miners are Selling BTC at a Record Pace not Seen Since 2023

BlockBeats News, September 9th, Charles Edwards, founder of crypto quant fund Capriole Investments, posted that "Bitcoin miners are selling a significant amount of Bitcoin, at a pace not seen since Bitcoin's price reached $19,000 (end of 2022)."

This situation usually has two reasons: 1. Profit margin compression, miners needing cash (not the case today); 2. Bearish market sentiment in a profitable state. In either case, the price is usually higher one month later."