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Miner reserves have declined from ~1.862M $BTC to 1.801M $BTC since cycle start, a net sell of ~61K $BTC adding consistent distribution pressure to the market 📉🔴. Notable on-chain verified selling includes #Riot Platforms at 4,026 BTC, #Marathon Digital at 13,210 $BTC and #CoreScientific at 1,992 $BTC 💪. However #AntPool miner balances have seen a notable uptick in recent days, suggesting not all miners are in distribution mode. Overall miner behavior remains mixed, but the sustained decline in reserves signals that selling pressure from this cohort is unlikely to fade in the near term ⚡️🎯👀
#crypto