币界网报道:Crypto Miners Sell 5,000 BTC, Disrupting Bullish Market Momentum Bitcoin miners have offloaded approximately 5,000 BTC (worth around $300 million) over the past week, according to data from on-chain analytics firm CryptoQuant. This sudden sell-off has contributed to a temporary pause in Bitcoin's recent bullish momentum, with prices stabilizing near $60,000 after reaching highs above $63,000 earlier this month. Analysts suggest that miners may be capitalizing on higher prices to cover operational costs, particularly ahead of the upcoming Bitcoin halving event in 2024, which will reduce block rewards by half. Some mining firms are also reportedly restructuring debt or upgrading equipment in anticipation of reduced profitability post-halving. While exchange inflows from miners have spiked, long-term holders and institutional investors continue accumulating, indicating mixed sentiment in the market. The sell pressure from miners is seen as a short-term correction rather than a trend reversal, with many traders expecting renewed upward movement once this distribution phase concludes.