#BURNGMT 🔨 Bitcoin miners have offloaded 85,503 $BTC
(approximately $8.4 billion) over the past 48 hours, marking the highest sell-off since February this year.
💵 This significant liquidation is likely due to miners needing to cover operational costs, such as electricity bills and loan repayments for mining equipment.
While holding onto Bitcoin is ideal, these financial obligations necessitate periodic selling to maintain operations. 👀