Bitcoin Miners' Big Sell-Off Adds to Market Pressure

Public Bitcoin miners have been selling off their BTC holdings in significant quantities, contributing to the market's selling pressure. In 2026, they sold approximately 28,000 BTC worth $1.78 billion.

This selling pressure is compounded by large ETF outflows and sales by long-term holders, leading to a price drop of 27% to under $64,000 this year.

Many miners are facing high production costs, which has led them to shift their focus towards AI. As a result, mining difficulty has dropped by 18%, making it more profitable for remaining miners.