One overlooked group has added $1.78 billion of selling pressure to bitcoin market
Public miners are an underappreciated source of supply hitting the market right at the margin.
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Summary
- Public miners have unloaded roughly 28,000 BTC this year, injecting selling pressure into the market alongside massive outflows from ETFs and long-term holders.
- Many large miners are exiting or pivoting to AI, easing network difficulty by about 18% and boosting rewards and profitability for those that remain.
