Publikuj

Bitcoin miners are starting to lighten their $BTC bags as the pressure on the industry builds up. A few of the big mining names just moved a chunk of their reserves, and that usually signals they might be preparing to sell. On-chain data from Arkham shows MARA sent 200 $BTC worth about $12.9 million, and Riot Platforms moved 381.161 $BTC worth around $24.5 million over to NYDIG execution wallets. Those wallets are commonly used for trading and institutional deals, so the market is watching closely. This comes right after a rough earnings season. MARA reported Q2 revenue of $174.9 million, down 27% year over year. They also flipped from an $808.2 million profit last year to a $611.3 million net loss this quarter. CleanSpark wasn’t much better, posting $138 million in Q3 revenue, a 30.5% drop, with a net loss of $239.8 million. MARA’s Bitcoin treasury also took a hit, falling 29% to 35,577 $BTC. When miners start trimming holdings after weak financials, it tells you cash flow and operating costs are the priority right now. It doesn’t mean the bull story is over, but it does mean supply could increase if more miners follow suit. Keep an eye on these wallet flows, because miner selling has a history of setting the tone for short term $BTC price action. #Gold4400HavenBid #AIInfraEarningsWatch