#squarecreator - These miners cut their hodl streak and went out to sell their BTC.

Why?

$BTC - So far in May, eight publicly traded Bitcoin (BTC) mining companies have released their production updates for April. Together, they liquidated approximately the equivalent of 70% of the bitcoin mined during that month, the highest selling ratio since January 2024, according to data from The Miner Mag.

This change marks a shift from the accumulation strategies that prevailed last year, when many of these companies opted to retain most of their mined bitcoins.