QCP Capital: Bitcoin miners face huge selling pressure, total reserves reduced by 50,000 compared to the beginning of the year

Odaily News QCP Capital said in a market analysis report released last weekend: "Bitcoin miners are facing huge selling pressure as the break-even price rises after the halving event. Miners' Bitcoin holdings have fallen to the lowest level in 14 years, and total reserves have decreased by 50,000 from the beginning of this year." It also said: "The market has also been hit by a large amount of new supply. The German government is said to have sold about 3,000 BTC recently, and there are 47,000 BTC to be sold." (CoinDesk)