Bitcoin Miners Increase Sales Amid Market Uncertainty

According to BlockBeats, Charles Edwards, founder of the crypto quantitative digital asset fund Capriole Investments, has noted a significant increase in Bitcoin sales by miners. This surge in sales has not been seen since Bitcoin's price reached $19,000 at the end of 2022. Edwards suggests that there are typically two reasons for such behavior: either miners are facing shrinking profit margins and require cash, which is not the current situation, or they are bearish on the market despite being profitable. Regardless of the reason, Edwards predicts that Bitcoin prices are likely to rise within a month.