Are Bitcoin Miners Suppressing the Price?

Bitcoin mining is a ruthless industry, and the hash ribbons are currently inverted to signal a miner capitulation is underway. How bad is it, and is miner sell-side suppressing the Bitcoin price?

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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