$BTC Bitcoin miners are selling Bitcoin at a record pace, with hashprice dropping to post-halving lows and many older mining rigs shutting down. This phenomenon is a classic sign of capitulation. Public miners sold over 32,000 Bitcoin in the first quarter of 2026, setting a single-quarter record and surpassing the total for all four quarters of 2025. Miner sell-offs typically indicate problems with production economics, drawing significant market attention. As hashprice continues to decline, many miners face profitability pressures, with some even treating Bitcoin as a secondary business and pivoting to more profitable sectors like artificial intelligence.