$BTC

⛏Miners are offloading BTC: up to 70% of production sold in April — the highest in six months

In April, public miners sold up to 70% of the mined bitcoin, marking the highest level of sell-offs since October 2024.

📉Reasons for the sales:

— Sharp increase in mining difficulty

— Decrease in profitability even at a price of $100,000+

— Pressure on operating costs and equipment upgrades

📌Company strategies:

— Riot and CleanSpark abandoned HODL, selling almost their entire April production

— Meanwhile, MARA, Cango, and BitFuFu retained all mined volume — betting on growth

The market is entering a phase where even $100K does not guarantee asset retention. This underscores that costs and network difficulty have turned mining into a game of endurance, rather than an endless source of BTC.