Bitcoin Miners Liquidate $2 Billion in BTC Since June, Causing Sharp Market Decline

Bitcoin miners have entered a phase of significant liquidation, shedding over 30,000 BTC—worth around $2 billion—since early June, per the latest findings from IntoTheBlock. This mass sell-off has brought Bitcoin miners’ reserves from over 1.94 million BTC to below 1.91 million BTC by late June. Notably, the fast-paced offloading of Bitcoin by miners marks the