News Explorer — Bitcoin Miners Are Selling Their BTC Reserves: Report

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Jun 12, 6:43 pm

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Bitcoin Miners Are Selling Their BTC Reserves: Report

Bitcoin miners have been selling their coin reserves, with a two-month high of 3,000 BTC worth $207 million being sent to exchanges on June 9. This selling spree led to a 3% correction in Bitcoin's price, but the asset quickly recovered. Miners have also been selling through over-the-counter desks, with the largest daily volume since late March recorded on Monday.

Bitcoin miners have been selling their coin reserves, with a two-month high of 3,000 BTC worth $207 million being sent to exchanges on June 9. This selling spree led to a 3% correction in Bitcoin's price, but the asset quickly recovered. Miners have also been selling through over-the-counter desks, with the largest daily volume since late March recorded on Monday.

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