I've noticed that the major Bitcoin miners have been heavily selling their coins recently. Marathon Digital sold over 15,000 BTC, followed by Riot Platforms with 3,700 BTC. Even smaller players like Cango sold 2,000 BTC, and Bitdeer has completely liquidated its mining holdings. This is quite remarkable considering that these companies usually build up their Bitcoin holdings to profit in the long term. The strategy seems to be shifting — instead of buying and holding Bitcoin, they are now apparently taking profits. Whether this is a signal that the big players view the market differently or if it's just about liquidity is hard to say. But it could certainly be relevant for the overall market.

BTC3,93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin