3 Reasons Why Bitcoin Miners are Selling BTC—and Why It’s Not Capitulation

Crypto analysts, traders, and anonymous influencers on social media often interpret the actions of Bitcoin miners regarding their block rewards as indicators of potential price movements for Bitcoin.

The theory suggests that when Bitcoin miners send their rewards to exchanges, it may signal upcoming selling pressure on the asset’s price, potentially indicating distress among the miners themselves.

Additionally, industry experts frequently discuss the impact of events like the Bitcoin halving, further influencing market sentiments.