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

The selling action of miners is a key factor contributing to the current price fluctuations. Their selling pressure can contribute to short-term corrections, as they often seize the opportunity to take profits when prices rise.

However, while the selling from miners can create pressure on the market, it does not necessarily reflect a 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.