Miners Selling Accelerates as Macroeconomic Concerns Escalate

Recent data reveals that Bitcoin miners have picked up the pace of their BTC sales. This selling spree coincides with heightened macroeconomic anxiety, triggered mainly by high US inflation indicators. According to the on-chain data platform Glassnode, Bitcoin miner wallet balances consistently declined from August 11 to August 23. Sharp Contrast: From Accumulation to Selling This period directly follows the release of a series of US inflation reports, including the CPI and PPI, which dampened market expectations for Federal Reserve rate cuts source: https://beincrypto.com/miners-selling-accelerates-as-macroeconomic-concerns-escalate/