Mining companies transfer another 500 BTC! Do you see selling pressure, or an opportunity? Riot Platforms transferred another 500 BTC to NYDIG 6 hours ago, worth approximately $38.95 million, continuing their recent pattern of ongoing transfers. Many people's first reaction is: "It's over, the price will drop again, miners are selling!" But from the perspective of market makers, this kind of action shouldn't be judged solely on the surface; instead, it’s about the rhythm and background. Why? Essentially, mining companies are "continuous suppliers of BTC," and their sales are usually not driven by emotion but by: cash flow management + cost hedging + cyclical portfolio adjustments. The key point is—if it were panic selling, it would typically be a one-time large dump; but like this continuous, small-scale transfer, it appears more like a planned release of holdings.