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BTC Miners' Selling Spree Threatens Price Recovery

Guavy AI Editorial Team
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BTC
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Bitcoin's price recovery to over $64,000 is in trouble due to a substantial selling spree by major miners. Two of the largest BTC miners, MARA and Riot Platforms, have deposited significant portions of their cryptocurrency to exchanges with the intention of selling.

MARA, which posted over $600 million in losses in Q2 but continues to hold more than $2.3 billion in BTC, deposited 200 units to NYDIG on Thursday evening. Riot Platforms used the same platform to deposit another 381 BTC (worth $24.5 million) approximately at the same time.

This behavior from MARA and Riot comes just a month after reports claimed that BTC miners had disposed of a record 32,000 units in the first quarter of 2026, triggering a painful decline in the blockchain's hash rate.

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