spot Bitcoin Selling Increases After Bitcoin ETF Approval
Bitcoin miners recently sold more than 10,000 Bitcoins in a single day. This is the largest daily decline in miners' reserves in more than a year.
Bitcoin miners' reserves declined by 10,233 BTC on January 17. The total value of these BTC is currently around $450 million.
This decline in miners' reserves was seen when on January 10 this month, the SEC approved all 11 spot Bitcoin ETF applications.