Bitcoin Miner Balances Plummet: Cause for Concern?

Bitcoin miners have sold off 85,503 BTC, leading to the steepest decline in miner balances this year, now at 1.95 million BTC. Despite this, Bitcoin's price remains resilient near $100,000, supported by non-mining investors. The market shows a divergence between miner activity and price trends, with Bitcoin maintaining bullish indicators. However, continued miner sell-offs could introduce volatility, especially if macroeconomic factors come into play. The situation highlights Bitcoin's market maturity and the growing influence of non-mining participants.