💣 Bitcoin is above $100K again, and miners are massively selling off!💥
According to TheMinerMag, in April public miners sold 70% of the mined BTC$BTC — the highest since October last year! 😱
🔥 Riot Platforms sold over 100% of the mined
🔥 CleanSpark — about 65%
💎 Only MARA, Cango, and BitFuFu are holding onto their bitcoins
Why the sell-off?
💡 Even at $100K for BTC$BTC , mining is still unprofitable — the hash price is only $55 per PH/s per day, down from $63 in December. Network pressure is increasing, and profitability is falling.
🪓 In 2024, everyone held.$BTC In 2025 — only those who sell will survive.