Crypto Miners Sell Largest Volume of BTC in 6 Years

Mining companies have been selling cryptocurrencies at an aggressive pace this year. As a result, the scale of Bitcoin sales has risen to the highest level since the beginning of 2016.

According to Glassnode analysts, miner reserves have dropped to a ten-month low this week. Thus, almost 10% of the total BTC supply remained under the control of cryptocurrency mining companies.

In dollar terms, the amount of digital currency held by miners has fallen to $30.4 billion.

According to Charles Edwards, founder of the Capriole Foundation, Bitcoin miner sales have jumped by 400% over the past three weeks.