#USHouseMarketStructureDraft Bitcoin miners have taken advantage of the recent price surge to 'dump' a large amount. According to reports, they sold around 943 BTC, equivalent to nearly 850 million USD, after the price spiked.

The selling action by miners is a key factor leading to the current price fluctuations. The selling pressure from them can contribute to short-term corrections, as they often seize the opportunity to take profits when prices rise.

However, while the selling from miners can exert 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 Bitcoin holdings to cover operating costs, especially during periods of high volatility and rising prices.