The mass sale of bitcoin by miners in a falling market has all the chances to lead to an even greater decline of the first cryptocurrency. This conclusion was made by analysts from the research company CryptoQuant.

The report published by the experts indicates that after the realization of the largest part of digital assets in recent months, an unprecedented outflow of bitcoin miners from the industry can be expected. Previously, they managed to accumulate significant amounts of the first cryptocurrency, having previously sold off coins in early 2021. However, if last year mining brought good profits due to the growth of BTC, this time miners risk to be left with nothing because of the rapid fall of the asset.

To reduce risks and minimize losses, miners are forced to sell the accumulated coins at market prices, analysts pointed out. In their opinion, due to the current situation bitcoin in the short term will collapse even more than now.

Other experts agree with CryptoQuant, but noted that the collapse of the cryptocurrency market due to the outflow of industry of miners is primarily due to the widespread proliferation of equipment for mining digital assets. This leads to lower prices for miners, increasing the negative impact on the market.