Bitcoin (BTC) Miners' Capitulation Continues: Will It Ever End?
Bitcoin miners have been actively selling their holdings since the halving event. According to on-chain data, the amount of selling pressure from Bitcoin miners hasn’t decreased. At this rate, soon there might be very little BTC left for them to sell. The halving event usually leads to miner capitulation because it cuts the block reward in half. This means mining becomes less profitable, forcing miners to liquidate their Bitcoin holdings to cover their expenses.
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