Miners Just Dumped a Record Amount of BTC Should You Worry?👀 Dear orbit family attention here🚨 Public Bitcoin miners just set a new all-time record they sold over 32,000 BTC in Q1 2026 alone more than they offloaded during the entire year of 2025 combined. Major players like MARA, Riot Platforms, CleanSpark, Core Scientific, Bitdeer, and Cango led the charge. What's driving it? · Post-2024 halving economics remain brutal · Hashprice has collapsed to record lows ($28–$36 per PH/s/day) · Many older rigs (S19 series) are now unprofitable below $75K BTC · Some miners are selling simply to fund ASIC upgrades and stay operational The scale? MARA alone sold 8,200 BTC in Q1 up 340% from Q4 2025 to fund its new immersion-cooling facility in Texas. At current hashprice, only miners with sub-$0.04/kWh power remain profitable, eliminating roughly 30% of North American public miners. But the important context headlines often miss: Public miners still collectively hold around 107,000 BTC (as of early April data). This record dump is significant short-term pressure, but it reflects operational survival not mass capitulation. In past cycles similar miner sell-offs created short-term dips only for stronger hands to step in once weaker players cleared out. What to watch next: · Hashprice and profitability metrics (near breakeven for efficient operators) · Exchange inflows from miner wallets (already slowing) · Hashrate stability no major collapse yet · ETFs continue net buying; institutional demand remains the bigger story you need to understand that Short-term overhang not a cycle breaker. Miner capitulation phases have historically marked healthier bases ahead. @OKX Orbit #MinersDumpRecordBtc #OKXOrbitTopics