Bitcoin Miners Sell Over 140,000 BTC in December, Data Shows

According to Odaily, cryptocurrency analyst Ali, known by the handle @ali_charts on X, has highlighted data from Santiment indicating a significant sell-off by Bitcoin miners. As of December, miners have sold more than 140,000 BTC, amounting to a total value of approximately $13.72 billion. This substantial sale by miners reflects ongoing market dynamics and the pressures faced by those involved in Bitcoin mining. The decision to liquidate such a large volume of Bitcoin could be influenced by various factors, including market conditions, operational costs, and strategic financial planning. The sale of over 140,000 BTC in a single month underscores the scale at which miners operate and their potential impact on the cryptocurrency market. The data from Santiment provides insight into the behavior of Bitcoin miners, who play a crucial role in the cryptocurrency ecosystem. Their actions can significantly influence Bitcoin's price and market trends. As the year progresses, market observers will likely continue to monitor miner activity closely, given its potential implications for Bitcoin's value and the broader cryptocurrency landscape.