Bitcoin miners sold 61,000 BTC amid declining revenue and rising costs, signaling market stress.

Bitcoin miners have sold about 61,000 BTC since the start of the current cycle, reducing their reserves from 1.862 million to 1.801 million BTC. Major sellers include Marathon Digital, Riot Platforms, and Core Scientific, driven by lower Bitcoin prices and rising energy costs that have cut mining margins from over 90% to around 60%. This sell-off reflects miners' challenges as Bitcoin's price dropped up to 50% from its peak and mining profitability declined, causing some to shut down operations. The trend raises concerns about miner health and potential impacts on the Bitcoin network's stability going forward.