US EditionPublic mining firms sold over 40% of their BTC in March
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Last month, the Bitcoin miners (BTC) sold more than 40% of their production. How to interpret this figure, and why can these sales be motivated? The Bitcoin miners (BTC) sold 42% of their production in March: a higher since October appeared first on Cryptoast.
In March, the listed mining companies sold more than 40% of their newly extracted bitcoin, marking the largest monthly liquidation since October 2024. This trend breaks with the accumulation strategy observed after the last halving. The Bitcoin mining companies sold their reserves massively in March appeared first on Cointribune.
Bitcoin Faces Whale Dump, Miner Pressure, And RSI Breakout
Whales have sold 30,000 BTC, and miners have also offloaded 15,000 BTC when the prices dip below $80,000. Bitcoin exchange reserves declined to 2018 levels while stablecoin buying power remains strong. A breakout of the RSI trendline indicates the possibility of a bullish trend in case the price of Bitcoin closes above $92,000. Bitcoin’s market sentiment faces a complex mix of opposing pressures. CryptoQuant data shows that whales have sold more…
TheminerMag platform experts, citing data on the 15 largest players in the industry, reported that in March, large miners sold more than 40% of their bitcoins, showing the highest level of sales since October 2024.
U.S. Miners Offload BTC Amid Tariff Fears and Profit Squeeze
This shift breaks the recent trend of miners stockpiling Bitcoin for long-term corporate holdings, according to an analysis by TheMinerMag, which reviewed data from 15 major mining firms. The timing of these sales aligns with mounting economic uncertainty. With financial markets under pressure and costs rising across industries, many miners appear to be liquidating their reserves to stabilize their balance sheets. This wave of selling has added …
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