Massive BTC Sell-Off by Miners.

Over the past two days, miners sold 85,503 BTC (~$2.9 billion), marking one of the largest sell-offs of 2024.

BTC reserves in miners' wallets dropped by 4.1%, falling from 2.08 million to 2 million BTC.

The price pressure is significant, but analysts note that miners' actions in 2024 have not always aligned with Bitcoin's price movements.