Latest Rapid BTC Sell-Off: Decline in Mining Profitability and Historically Low Miner Assets 👉🚦🚦 💰👀
Bitcoin miners have sold more than 30,000 $BTC (worth about $2 billion) since June.
This is the fastest sales rate recorded in more than a year. It is possible that the last halving's reduction in mining profitability was effective in triggering the sales.
Additionally, QCP stated that miners' BTC holdings have fallen to the lowest level in the last 14 years.👍