@camarraro
Miners are selling coin stocks amid a correction in Bitcoin after its rapid growth at the beginning of the year and a decline in key mining profitability indicators.
According to CryptoQuant data, the number of bitcoins stored in miners’ wallets continues to decline as miners are actively selling off their reserves. Transactions primarily take place on the over-the-counter (OTC) market, bypassing exchange platforms. Bitcoin miners' reserves have reached their lowest levels since 2021.
According to CryptoQuant, on June 10, the volume of bitcoin sales by miners on over-the-counter platforms amounted to 1.2 thousand units, which was the highest figure since the end of April.
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