According to Odaily, Bitcoin miners are facing increasing pressure and have begun to sell off their holdings. This trend is evident in the recent surge in pool transfers and over-the-counter (OTC) trading volumes, as well as a noticeable reduction in holdings by major listed mining companies.
When the price of Bitcoin fluctuated between $69,000 and $71,000, miners significantly increased their selling efforts. Data indicates that on June 10th, miners sold 1,200 Bitcoins through OTC trades, marking the highest daily trading volume in two months.
In addition to this, major U.S. Bitcoin companies have also ramped up their selling efforts. This increased selling pressure from miners and companies alike could potentially impact the market dynamics of Bitcoin. However, the long-term effects of this trend remain to be seen.