Bitcoin miners sell 5-day mining revenue in just three days amid sell-off
Bitcoin (BTC) miners sold the equivalent of five mining days in the last three days, selling off their reserves. Miners continue to give signs of capitulation while Germany dumps millions of dollars in BTC and Mt. Gox repayments loom. Notably, Bitcoin miners have sold 2,300 BTC in the last 72 hours, as reported by Ali Martinez on X. By the time of the post, the observed sell-off had a nominal value of approximately $145 million. Moreover, it represents what the network usually mines in five days, considering an average of 450 BTC mined per day. This average is reached due to a 3.125 BTC per block at a 10-minute block interval, as designed. Picks for you Is Gold on the verge of a breakthrough amid strengthening dollar and Fed speculations? 25 mins ago ...