Bitcoin miners have been in net selling mode for a significant period of time, as indicated by the decline in the "miner reserve" metric, which tracks the total amount of coins that miners hold in their wallets. This selling trend suggests that miners are withdrawing coins for selling purposes, potentially having a bearish impact on BTC. Over the past year, the miner reserve has steadily decreased, indicating ongoing selling. However, the selling has not been significant enough to pose a major threat to the price of Bitcoin, as it is likely to cover operational costs. As of now, miners have sold 90,000 BTC, or 4.74% of their holdings. The miner reserve should still be monitored for any sharp changes that may affect Bitcoin's outcome.



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