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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Miners Are Selling Their BTC Reserves Amid Halving Impact: CryptoQuant

Bitcoin CryptoQuant Crypto Mining Marathon Digital Marathon Bitfarms Ki Young Ju Riot
Bitcoin miners are reportedly starting to feel the brunt of the halving, with some selling their reserves over the counter. (Credit: Marco Verch/flickr)

KEY POINTS

  • Bitcoin miners sold 1,200 BTC on Monday, marking the highest daily selling volume since late March
  • Marathon Digital sold off 1,000 Bitcoins Tuesday, and the sale was 'likely to cover expenses'
  • The industry has been feeling the impact of the Bitcoin halving in April that cut mining rewards in half

Miners of the world's largest cryptocurrency by market cap are selling their reserves, the latest data revealed, suggesting that miners may be feeling the bite of the April 20 halving.

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