That’s a sizable miner outflow — over 2,000 BTC in just three days means miners have liquidated roughly $120–130 million worth (at current prices).
Here’s why this matters:
Miner selling pressure → Miners often sell BTC to cover operational costs like electricity, equipment maintenance, and debt repayment. A spike in selling can temporarily increase supply on the market.
Potential price implications → If this selling coincides with weak demand or low spot buying, it can create short-term downward pressure on BTC price.
Macro context → Sometimes, miner outflows precede or follow major events like difficulty adjustments, halvings, or price rallies (as miners lock in profits).
Possible interpretation → This could be miners taking advantage of recent price strength to secure liquidity, or a reaction to rising operational costs from the latest network difficulty increase.
If we want to be precise, I can check the CryptoQuant miner reserve charts to see whether this is part of a longer-term trend or just a short-term spike. Would you like me to do that?
