People Are Withdrawing the Most Bitcoin from Exchanges Since the 2018 Bottom

Bitcoin (BTC) is struggling to regain the $10,000 mark, attributed to a recent surge in selling by miners, according to new data released ten days post-halving.

Data from monitoring platform CryptoQuant indicates that in the past five days, outflows from BTC mining pools have surged by 600%, escalating from 1,066 BTC to 7,426 BTC as of May 20.

This significant increase in miner selling highlights the pressures facing Bitcoin as it attempts to stabilize and rise above the critical threshold.