Heavy sale of Bitcoin by miners; The possibility of a further fall in the price of BTC became stronger!
A massive influx of Bitcoin io the market may put downward pressure on prices. It should be noted that the increase in miner activity comes after Bitcoin miners made record profits in September. Reputable mining companies such as CleanSpark, Riot Blockchain, and Marathon Digital Holdings reported impressive results for the past moh. They stated the need to expand and invest in renewable energy sources, but also face challenges in their operations.
Although miners’ activities may affect price volatility in the short term, some believe that this selling pressure will ease over time and may provide the conditions for a bullish return.
