Bitcoin Miners Dump 18,251 BTC Within 10 Days
https://u.today/bitcoin-miners-dump-...0-days-details
IntoTheBlock on-chain data vendor has reported that while miners have been selling massive amounts of BTC recently, large new Bitcoin addresses have been emerging as whales have been buying BTC on the dip.
"Miners struggling to break even"
IntoTheBlock has reported that since June 14, Bitcoin miners have gotten rid of a staggering BTC amount: 18,251 coins worth $372,035,684 at the current exchange rate.
As the world's leading crypto has managed to climb back to the $20,000 zone, they have begun to sell their coins quickly to cover their loans and other expenses that need financing urgently.
Earlier, U.Today covered that Bitcoin mining difficulty had witnessed a significant drop, falling 2.35% in the past two weeks.
This is the second large negative adjustment since this year began and the fifth adjustment of mining difficulty for Bitcoin this year overall. Mining difficulty tends to drop when the crypto market reverses downward. Miners are forced to switch off their gear as they cannot break even or make a profit any more.