Bitcoin Miners Are Selling Again: Here’s How Much BTC Was Reportedly Offloaded
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Bitcoin's recovery above $64,000 may be threatened after Lookonchain reported that major miners Marathon Digital (MARA) and Riot Platforms transferred large amounts of BTC to exchanges, likely to sell. This miner selling spree raises short-term sell pressure on the crypto market and could weigh on Bitcoin price and exchange liquidity, posing risks to adoption and market stability.
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Bitcoin’s price recovery to over $64,000 could be in trouble as the backbone of the entire network and ecosystem has gone on a substantial selling spree.
Data from Lookonchain shows that two of the largest BTC miners, namely MARA and Riot Platforms, have deposited significant portions of the cryptocurrency to exchanges, with the likely intention of selling.
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