Bitcoin Miners Under Pressure: Massive Sell-Off Hits Record Amidst High Prices

Despite hitting a new all-time high (ATH) of around $73,000 in March, Bitcoin miners took a significant action that could impact the crypto market: they sold off a record amount of their mined Bitcoin. Analysis by TheMinerMag reveals an alarming 115% sell-off rate in April, highlighting a complex economic situation within the mining industry. This unusual pattern comes at a time when many are celebrating Bitcoin’s strong price performance, leading to some interesting questions about the future of crypto.