Bitcoin Miner Selling Pressure Fades as Record Q1 2026 BTC Outflows Signal a Supply Turning Point

TLDR: Publicly listed Bitcoin miners sold over 32,000 BTC in Q1 2026, marking the largest quarterly outflow ever recorded on-chain. The 2024 halving cut block rewards to 3.125 BTC while hash rate kept rising, pushing hash price below miner breakeven levels. On-chain Miner Position Index and Miner Selling Power metrics both signal that peak distribution [...]

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