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

The selling action by miners is a key factor leading 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 are high.

However, while the selling from miners may create pressure on the market, this 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.