Thread
The public miners are still dumping their #bitcoin holdings, but not nearly to the same extent as during the mining bloodbath earlier this summer.
They "only" sold 6,200 BTC in July, less than half the amount they sold the previous month.
They "only" sold 6,200 BTC in July, less than half the amount they sold the previous month.
Even after this decline, July was still the second-highest BTC selling month in 2022 for the public miners, indicating that they are still in a difficult financial position.
The public miners sold 158% of their bitcoin production in July, making it the third month in a row where they sold more than 100% of production.
Core Scientific and Bitfarms have had the weakest hands during this bear market. This is due to their large BTC and machine collateralized debt positions forcing them to sell. 
