Bitcoin miners have been selling more of their holdings recently because their revenues have decreased following the halving event.

Over the past seven days, the price of Bitcoin (BTC) has dropped by 4.5%, hitting a monthly low of $65,000. This decline may be partly due to increased sales by miners.

According to the latest weekly report from CryptoQuant, analysts noted that the amount of BTC sent from miners to exchanges has hit a two-month high. This trend is occurring as miners face reduced revenues from lower transaction fees.