Bitcoin miners are reportedly increasing their selling activity as the cryptocurrency's price hovers around $100,000. This increase in selling pressure stems from the significant appreciation in the value of miners' bitcoin inventory, which has motivated them to cash in on their profits. As Bitcoin's price surpassed $100,000, the inventory of bitcoin miners saw a substantial increase in value. However, following the recent pullback and subsequent recovery of BTC to $102,000, some miners who were previously breaking even at cost of production have now seen their inventory value drop below breakeven. This cohort of miners is now underwater and can be expected to be increasingly motivated to sell. On the other hand, some analysts believe that the recent pullback in BTC's price could present a buying opportunity for investors. If the bull market has not yet ended, the current dip could be an opportunity to acquire Bitcoin at a relatively lower price. It is important to note that the cryptocurrency market is highly volatile, and investors should exercise caution and conduct thorough research before making any investment decisions.

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