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Bitcoin Miners Dumped Record BTC Holdings—Just Before May’s Rocket Rally

Bitcoin Miners Dumped Record BTC Holdings—Just Before May’s Rocket Rally

Coindesk
Author:
Coindesk
Release Time:
2025-05-21 19:13:55
0

Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge

Talk about bad timing. Bitcoin miners unloaded a historic amount of BTC right before May’s explosive price surge—leaving millions on the table while hedge funds feasted.

Miners: The ultimate weak hands? These network powerhouses slashed reserves at the worst possible moment, proving even crypto’s backbone players can’t time the market.

Meanwhile, institutional traders—armed with better data and caffeine-addled quants—scooped up the discounted coins. Another reminder: in crypto, the little guy (even if that ’little guy’ runs an industrial mining rig) always gets the dull end of the stick.

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