tldr; Bitcoin miners have sold over 30,000 BTC, valued at approximately $2 billion, since the start of June, marking the fastest selling pace in over a year. This sell-off, attributed to the recent Bitcoin halving event which reduced mining rewards and squeezed profit margins, has reduced miners' reserves to their lowest level in more than 14 years. The rapid liquidation has exerted downward pressure on the cryptocurrency market, with Bitcoin's price dropping by roughly 12% to its lowest in six weeks, and leading altcoins experiencing even steeper declines.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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