Summary: Bitcoin miners sold an estimated 14,600 BTC in June. This amount was a 400% increment from May. Continuous selling of BTC by Bitcoin miners is hinting at capitulation. According to JP Morgan, Bitcoin production cost could have dropped to $13k, signaling possible more pain for BTC in the crypto markets. Bitcoin miners sold almost 25% of their BTC holdings in June at fire-sale prices. According to a report by the team at Arcane Research, Bitcoin miners sold roughly 14,600 […]
