Is Miner Selling Contributing to Bitcoin's Price Troubles?

<p> </p> <p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode, NLW looks at the state of bitcoin miners’ balance sheets. Specifically, he looks at increased selling of bitcoin over the past few months, and to what extent it has to do with additional debt and leverage taken on during the bull market. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">by June 30 and receive up to $150 in BTC.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <strong><em>NEAR</em></strong></a> <em><span style= "font-weight: 400;">is a blockchain for a world reimagined. Through simple, secure, and