Reported 8 months ago
According to on-chain analysis firm CryptoQuant, long-term bitcoin holders and miners have been significant sellers of the cryptocurrency, with little indication of renewed buying interest in the past two weeks. The trend is evident in a decrease in UTXO age bands, showing increased selling activity. Some analysts speculate that miners are shifting focus to the AI sector due to diminishing mining rewards post-halving, leading to the observed increase in selling activity.
Source: YAHOO