Cryptocurrency on-chain analyst Ali Martinez tweeted that BTC miners appear to have taken advantage of the recent rally to lock in profits.
Data shows that miners have sold 5,925 BTC worth about $1.42 billion in the past two weeks.
Bitcoin (BTC) $ 37,112.94 0.94%Ethereum (ETH) $ 2,018.35 1.44%Tether (USDT) $ 1.00 0.01%BNB (BNB) $ 227.60 0.69%XRP (XRP) $ 0.603338 0.91%USDC (USDC) $ 1.00 0.07%Solana (SOL) $ 55.59 1.11%Lido Staked Ether (STETH) $ 2,017.33 1.69%Cardano (ADA) $ 0.373854 3.12%Dogecoin (DOGE) $ 0.077406 3.19%TRON (TRX) $ 0.101932 3.94%Toncoin (TON) $ 2.43 3.27%Chainlink (LINK) $ 14.12 2.72%Avalanche (AVAX) $ 19.92 3.35%Polygon (MATIC) $ 0.737928 2.13%Polkadot (DOT) $ 5.19 0.84%Wrapped Bitcoin (WBTC) $ 37,135.95 0.58%Dai (DAI) $ 0.998266 0.08%Litecoin (LTC) $ 69.01 1.11%Shiba Inu (SHIB) $ 0.000008 4.36%Uniswap (UNI) $ 6.18 2.01%Bitcoin Cash (BCH) $ 222.50 1.07%LEO Token (LEO) $ 3.89 2.21%OKB (OKB) $ 55.72 2.70%Stellar (XLM) $ 0.116535 0.68%TrueUSD (TUSD) $ 0.997467 0.03%Monero (XMR) $ 165.61 1.60%Kaspa (KAS) $ 0.126991 0.71%Ethereum Classic (ETC) $ 18.45 1.55%Cosmos Hub (ATOM) $ 8.98 5.38%Cronos (CRO) $ 0.09001 3.44%Filecoin (FIL) $ 4.43 2.44%Lido DAO (LDO) $ 2.35 1.87%Hedera (HBAR) $ 0.059993 1.80%Internet Computer (ICP) $ 4.47 1.43%Aptos (APT) $ 6.83 4.06%NEAR Protocol (NEAR) $ 1.76 0.59%BUSD (BUSD) $ 1.00 0.14%THORChain (RUNE) $ 5.49 0.96%Immutable (IMX) $ 1.30 3.93%Mantle (MNT) $ 0.502785 1.41%VeChain (VET) $ 0.021087 3.59%Optimism (OP) $ 1.72 0.86%Quant (QNT) $ 97.36 1.87%Aave (AAVE) $ 94.10 1.93%Bittensor (TAO) $ 236.77 10.26%Injective (INJ) $ 16.07 4.16%Maker (MKR) $ 1,468.55 1.84%The Graph (GRT) $ 0.142266 6.88%Arbitrum (ARB) $ 1.00 1.42%