Bitcoin miners cash out $485M as BTC struggles to hold $112K; Red flag?

OG whales have been selling, and Bitcoin miners started selling too. Is the $485 million in BTC sold by miners a red flag or just standard profit-taking?

Key takeaways:

Bitcoin miners sold $485 million worth of BTC during a 12-day period ending Aug. 23.

Despite miners selling, Bitcoin’s network hashrate and fundamentals remain resilient.

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