@burkereynolds
Miner sales can impact BTC price, especially during periods of low liquidity. As miners receive block rewards, they may sell BTC to cover operational costs. Large-scale selling increases exchange inflows, adding short-term supply pressure. Historically, miner capitulation during bear markets has coincided with local bottoms. In bull cycles, however, miner selling is often absorbed quickly by institutional demand. Tracking miner outflows to exchanges helps gauge whether their activity poses meaningful price pressure or not.