Are Miners Driving Bitcoin Price Down?


When the bitcoin price slips into a prolonged downtrend as it has since its record high set in late 2021, all types of investors start pointing fingers at whomever seems the most likely culprit for the selloff. Are whales manipulating the market? Are paper-handed normies dumping their bags? Are Wall Street suits suppressing the price? Nothing strikes fear into the hearts of the Twitter masses, however, quite like the phrase: “Miners are selling.”

And it’s true: miners are selling, but that’s no reason to panic.

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