The selling pressure from the public bitcoin miners is easing

The public miners are still dumping their bitcoin holdings, but not nearly to the same extent as during the mining bloodbath earlier this summer. Does this signal that the worst is over for the public miners?
Source: Public miners’ monthly production updates

The market rout during May and June created a new generation of forced bitcoin sellers, as known institutions dumped close to 240,000 BTC. Due to their "hodl at any cost strategy", public bitcoin miners had spent the previous year building up among the largest bitcoin treasuries. As with most die-hard hodlers with such enormous treasuries, the public bitcoin miners didn't manage to escape the bear's claws and were forced to dump thousands of bitcoin in May and June to fire sale prices.

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