Bitcoin miners have sold 15,000+ $BTC since October as profitability pressures grow across the industry.
Some of the biggest moves:
Cango: sold 4,451 BTC (~60% of reserves)
Bitdeer: liquidated its entire BTC treasury
Riot: sold BTC in December
Core Scientific: plans to sell ~2,500 BTC in Q1
After the 2024-2025 rally, many miners were holding BTC expecting higher prices.
Now the strategy is shifting toward liquidity and balance-sheet protection as mining margins tighten.
Miner selling isn't new in this cycle but 15K+ BTC hitting the market is something traders should keep an eye on. đ