Cryptocurrency miners currently hold the highest amount of Bitcoin available for sale in over two years, potentially leading to a price drop. Historical data shows that spikes in Bitcoin miner OTC balances have preceded significant price declines. Recent reports indicate a surge in OTC desk balances, reaching 368,000 Bitcoin, valued at approximately $22.36 billion. This surge suggests increased selling activity among miners. Past instances in 2018 and 2021 have shown that high OTC balances were followed by price drops of up to 63% and 45%, respectively. Miners opt for OTC deals to sell Bitcoin for better execution without impacting market prices significantly. However, recent trends, such as declining Bitcoin supply on exchanges and whales accumulating coins, may help support Bitcoin's price. Despite rising operational costs and reduced mining rewards, miners are exploring new revenue streams by providing energy to AI and HPC sectors. Read more AI-generated news on: https://app.chaingpt.org/news