Every cycle, the market spends at least a few weeks opining on the price suppression caused by miners selling coins after the halving. Whilst there is no question that miners are currently under financial stress, are they really selling enough coins to result in softer BTC price performance?
In this piece, we will explore the mining capitulation event which is currently underway, and make an assessment as to whether miner sell-side is a serious overhang on the price.
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