There has been a significant increase in the number of Bitcoin miners transferring their coins to exchanges in recent weeks, which could be a sign of selling pressure in the market. The article notes that miners have historically been a major source of selling pressure in the Bitcoin market, as they often need to sell their coins to cover their operational costs.

The increase in miner selling comes at a time when the price of Bitcoin has been relatively stable, which suggests that there may be other factors at play. Some analysts have suggested that the increase in miner selling could be related to concerns about regulatory crackdowns on mining operations in certain countries, or to the need for miners to upgrade their equipment in order to remain competitive in the market.

(by Hououin Kyouma)