Bitcoin [BTC] miners continued selling off massive units of the king coin as the pressure to uphold its stay mounted. This development came to light through Joaowedson, a CryptoQuant analyst. He pointed out that the increasing cost of mining might have forced this position. Joaowedson, who doubles as a data scientist, elaborated, 

“Faced with the current price of Bitcoin and the high cost of mining in several countries. Miners are being forced to sell their positions.”