It is said every day that ancient miners sell coins, but the data shows that the impact is not big.

Recently I have heard about some sell-offs from early miners, especially miners from the Satoshi Nakamoto era. This chart shows the sales of miners, mainly reflected by outflows. We can see that there has been some uptick in sales recently from early miners and Satoshi era miners.

However, the 100-day exponential moving average (EMA) for both categories of miners has been steadily declining and has recently reached its lowest point for the year.

To sum up, the sales of these miners will not cause significant selling pressure on the price of Bitcoin for the time being, and are unlikely to have a significant impact on the market in the short term.