3 reasons why Bitcoin miners are selling BTC – and why it's not a capitulation

Cryptocurrency walk analysts tender has interpret Bitcoin minors sale their rewards as bearish, but minors against This logic has THE recent Bitmain WDMS conference.

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Cryptocurrency analysts, traders And anonymous influencer Bitcoin experts on X (Previously known as Twitter) frequently interpret What Bitcoin minors TO DO with their block rewards as A feeling gauge For Or The price of Bitcoin could go.

According to has THE theory, Bitcoin (BTC) minors Sending in progress rewards has Exchanges prefigures on hold sell pressure on THE assets price And maybe reflects distress among minors.

Several publicly listed Bitcoin minors disputed aspects of This methodology has last weeks Bitmain World Digital Mining Summit (WDMS) In Hong Kong has A sign hosted by Cointelegraph head of the steps, Ray Salmon.

Bitmain WDMS sign on Bitcoin mining And renewable energy. Source: Cointelegraph

According to has Jeff Taylor, Heart Scientist executive vice president of data center the operations, "Heart Scientist could be THE poster child For THE hodl strategy. We built A 10,000 Bitcoin nest egg, And We mounted he up has THE high, And SO he directed has a few financial struggles that We are trying has emerge Since NOW. SO, What were TO DO Today, We sell OUR Bitcoin production each day. »

"I think he go back has those three things: How And Or can You to drive costs out, how And Or TO DO You to drive efficiency up, And What are THE new financial novelties that You can bring has your Treasury Or has your power programs has basically stabilize your generally companies' profitability. »

Panelists Taylor Monnig of CleanSpark And Will Roberts of Iris Energy agreed with ...