Bitcoin miners have been actively selling their holdings since the halving
the amount of selling pressure coming from Bitcoin miners is not descending, and at the current pace, there will be very little BTC left to sell.
The halving event usually results in a period of miner capitulation because it halves the block reward for miners. This occurs when mining loses money, forcing miners to liquidate their Bitcoin holdings to pay for running expenses.
Because of how long this phase has been, the market is under constant pressure to sell
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