Better to watch-out and monitor the miner's selling behavior!

Better-to-watch-out-and-monitor-the-miners-selling-behavior

Miners are a vital cohort among market participants, and their selling behavior deeply affects the market as they have a large amount of assets. They also impact the market in terms of traders’ sentiment.
This chart demonstrates the miner reserve metric, measuring the number of coins held by the miners' wallets. Despite many onchain metrics indicating bullish signs during the recent bullish stage of the market, the miner reserve metric has entered a bearish trend and reached new yearly lows.
This shows that the recent bullish spike in BItcoin’s price has provided a great chance for the miners to offload their assets, controlling their mining expenses. This selling behavior might end up in a mid-term bearish sentiment in the market. As a result, it is better to manage risks in the upcoming weeks.