Bitcoin miners have taken advantage of the recent price surge to 'dump' a large amount. According to reports, they sold about 943 BTC, equivalent to nearly 850 million USD, after the price skyrocketed.

The selling action of miners is a key factor leading to the current price fluctuations. The selling pressure from them can contribute to short-term corrections, as they often take the opportunity to lock in profits when prices are high.

However, although the selling from miners can put pressure on the market, this does not necessarily reflect pessimistic sentiment in the long term. In fact, miners often sell a portion of their held Bitcoin to cover operational costs, especially during periods of high volatility and rising prices.