According to Odaily Planet Daily, Charles Edwards, founder of the crypto-quantitative digital asset fund Capriole Investments, has published a post stating that Bitcoin miners are selling off their Bitcoin at a rate not seen since the price reached $19,000 (the end of 2022). This typically occurs for two reasons: 1. Tightening profit margins and miners needing cash (which is not the case today); 2. Bearish sentiment towards the market due to profitability. In either case, the price of the cryptocurrency is typically higher a month later.