According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest in more than a year. It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.
![](https://public.bnbstatic.com/image/pgc/202211/5d18e2fc247551db257519a08f239f57.jpg)
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