Bitcoin miners start to sell: Will BTC crash again, sooner than you think?

A potential sell-off by miners could dramatically impact the cryptocurrency market.continues to hold significant value, trading above $60,000 despite a 2.3% decrease over the past day.

The recent halving, which reduced mining rewards from 6.25 BTC to 3.125 BTC, has significantly impacted their income. This is forcing miners to consider offloading their BTC to cover operational costs. Kaiko analysts noted,The halving has typically been a selling event for Bitcoin miners as the process of creating new blocks incurs significant costs, forcing miners to sell to cover costs.”The potential for a Bitcoin sell-off by miners could have profound effects on the cryptocurrency market, especially given the current low liquidity.

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