🔴 Public miners are selling off bitcoins — over 40% of production went in March

According to TheMinerMag, in March large public miners sold off more than 40% of the mined BTC — and some even sold more than they mined.

📉 Reasons:

• Mining profitability — at cyclical lows

• Block fees — only 1.1%

• Rising expenses, especially due to tariffs, upgrades, and AI transition

💬 Companies Bitfarms, HIVE, and Ionic Digital sold more BTC than they mined

🚫 Bit Digital, Argo, and others — stopped publishing reports

📊 According to JP Morgan, just for March:

— The market capitalization of 14 public miners fell by $6 billion

— This is -25% month over month

⚠️ For the market:

— Sales of BTC by miners may create additional pressure on the price

— Halving is approaching, which means — tension in the industry is rising

Subscribe — we explain what’s happening at the heart of the bitcoin network 🔴

#bitcoin #crypto #mining #halving #BTCselloff $BTC $WULF $HIVE