Bitcoin Miners and Whales are Dumping BTC After All-Time High

Bitcoin’s rally to a new all-time high above $123,000 earlier this week has triggered a wave of profit-taking. Some of the market’s biggest players, including miners and long-dormant whales, led the charge, according to CryptoQuant. On July 15, Bitcoin miners transferred over 16,000 BTC to exchanges, making it the largest single-day offload since April 7, when they moved 17,000 BTC. Bitcoin Miners Offload 16,000 BTC in Largest Sell-Off Since April According to data from CryptoQuant, this activity caused miner reserves to decline from 68,000 BTC to 65,000 BTC, a one-month low source: https://beincrypto.com/bitcoin-miners-whales-selling-profit-taking/