CryptoQuant reports that Bitcoin miners are selling more BTC to cope with rising costs and price drops. Recently, they sold 15,000 BTC on April 7, worth over 1.12 billion USD, marking a significant outflow as Bitcoin struggled to maintain prices above 90,000 USD.
As miner profit margins shrink from 53% in January to 33% now, they face challenges from both low transaction fees and high mining costs. Market volatility driven by political instability continues to impact their operations and profitability.
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