Charles Edwards, founder of Capriole Investments, stated that the selling speed of Bitcoin miners has reached the fastest record since the trading price of Bitcoin hit $19,000. He pointed out two possible reasons: profit pressure or bearish sentiment in the market despite profits. Historically, such sell-offs have typically triggered price rises within a month. Although Mining Difficulty has reached an all-time high and hashrate remains strong, the outflow of funds from miners may indicate potential bullish divergence as institutional buyers absorb supply. Bitcoin is currently trading at $112,931, with a 1% rise in the last 24 hours.

BTC1.32%
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