Bitcoin Miners Under Selling Pressure Amid Ongoing Downturns Post FTX Bankruptcy

A further downturn may be coming to Bitcoin (CRYPTO: BTC) with miners increasing their selling pressure amid ongoing downturns caused by the ongoing fallout caused by FTX’s bankruptcy. What Happened: Glassnode data shows that the seven-day moving average netflow of miners’ Bitcoin holdings just reached a 22-month negative high of 60.452 BTC leaving their addresses in a single day — worth just short of $1 million at the time of writing.