Massive sale from Bitcoin miners.

Bitcoin miners made a large sale as mining difficulty reached an all-time high. The #Bitcoin (BTC) price has been in a downtrend for a long time. The leading crypto has been trading below $60,000 since August 27. Bitcoin miners continue to sell despite the negative outlook of market conditions.

According to data shared by crypto analyst Ali Martinez, miners sold 30,000 BTC in the last four days. Miners earned $1.7 billion from the sale.

It was stated that the miners who sold $1.7 billion worth of BTC were due to increasing mining difficulty. According to Hashprice Index, this development made it more difficult and more expensive for miners to mine new blocks. In the same period, $BTC lost nearly 10 percent of its value, which pushed miners to sell.

With the Bitcoin halving in April, miners' block rewards dropped to 3.25 BTC. Miners who earn less BTC with more effort have started selling assets for financial transactions, expenses and the installation of new equipment.

Revenues from the mining sector fell to the lowest level in the last 11 months in August.

Experts suggested that miners will continue to sell assets and that #BTC will not be under pressure if the market turns positive.