Bitcoin Miners Impact Market with Substantial Sales

Despite the surge in inflows from institutional investors, the mystery of who is offloading Bitcoin and causing this downward pressure is a topic of fascination. Analysts attribute the phenomenon to miners capitulating as the primary driver. With Bitcoin’s price stagnating within a tight range for more than 100 days, it appears to have triggered an uncommon phase of miner capitulation, particularly following the most recent block reward halving.