25 sats \ 0 replies \ @newnym 3 Oct 2022 \ on: Are Bitcoin Miners Selling The Bottom? bitcoin
Miners often operate with high leverage to finance the upfront investment they need for the equipment and such. So when bitcoin pukes to new lows they tend to be liquidated if they can't provide more collateral. That's when the "miners selling" happens.
I believe that some did sell the first time btc fell bellow 20k, a few months back.