[Opinion: Bitcoin miners are selling BTC at a record-breaking pace in 2023] BlockBeats news, on September 9, Charles Edwards, founder of the crypto quantitative digital asset fund Capriole Investments, stated in a post, 'Bitcoin miners are selling Bitcoin in large quantities at a pace not seen since Bitcoin's price reached $19,000 (end of 2022 levels). This situation usually arises for two reasons: 1. Profit margins are squeezed, and miners need cash (this is not the case currently); 2. Bearish sentiment in the market despite profitability. In either case, the price of Bitcoin is typically higher one month later.'