Bitfinex’s latest market report shows that Bitcoin miners have stepped up sales of Bitcoin ahead of the upcoming halving event to raise funds to upgrade equipment. Since the Bitcoin ETF launched in mid-January, miner reserves (the amount of Bitcoin held in miners’ treasury) have continued to experience net outflows and are now at their lowest level since June 2021. This increased selling activity may be one of the reasons why Bitcoin prices have failed to rise significantly in recent times. (CoinDesk)