Bitcoin miners have been selling their reserves recently, which could have a bearish impact on the cryptocurrency's price. The "miner reserve" metric, which measures the total amount of Bitcoin in miners' wallets, has been decreasing over the last few days.

This suggests that miners may have joined in on the market-wide selloff, causing the asset's value to drop. However, the selling pressure from miners has started to slow down, and the market may be able to absorb the current levels of selling pressure. It remains to be seen whether miners will decrease their selling or continue to sell, potentially causing more bearish price action for Bitcoin.