Bitcoin miners are selling like crazy!

Bitcoin miners recently dumped more than 30,000 BTC worth up to $2 billion, which has been sold by miners since June. This historic sell-off is the fastest in more than a year as miners scramble to adjust to the post-halving situation. The halving event reduces mining rewards, squeezes profits and forces miners to liquidate their Bitcoin holdings.

As a result, miners' reserves fell to their lowest level in 14 years. The sell-off sent shockwaves through the cryptocurrency market, and the price of Bitcoin was hit hard, falling from $71,907 at the beginning of June to $63,378.89 at the end of the month.

But it's not just Bitcoin that is feeling the panic. Altcoins in general have also seen sharp declines, some falling by more than 20%, and the market is volatile and the outlook is uncertain.

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