Bitcoin miners cash out $485M as BTC struggles to hold $112K; Red flag?
OG whales have been selling, and Bitcoin miners started selling too. Is the $485 million in BTC sold by miners a red flag or just standard profit-taking?
Key takeaways:
Bitcoin miners sold $485 million worth of BTC during a 12-day period ending Aug. 23.
Despite miners selling, Bitcoin’s network hashrate and fundamentals remain resilient.