Bitcoin Miners Resume Selling, New Data Shows Significant BTC Offloads
TL;DR:
- Bitcoin faces renewed selling pressure: MARA deposited 200 BTC and Riot Platforms another 381 BTC on the NYDIG platform.
- Miners had already liquidated a record 32,000 Bitcoins in the first quarter of 2026, triggering a drop in the network’s hash rate.
- Poolin filed for Chapter 11 bankruptcy protection and is seeking to sell its Texas facilities for $52 million.
Data from on-chain analytics firm Lookonchain reveals that two of the largest Bitcoin miners deposited significant amounts of the cryptocurrency on exchanges during Thursday’s session, which analysts interpret as a signal of selling intent. The transactions come as BTC’s price attempts to consolidate above $64,000.
Bitcoin Miners Liquidate Positions
MARA, which posted losses exceeding $600 million in the second quarter of the year but still holds more than $2.3 billion in BTC, transferred 200 units to NYDIG. Almost simultaneously, Riot Platforms deposited 381 BTC on the same platform, equivalent to approximately $24.5 million. Both transactions were completed within minutes of each other and point in the same direction: reducing exposure in a still fragile market environment.
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