Analyst: Listed Mining Companies Sold 6,200 Bitcoin in July, Less Than Half of What They Sold in June

Arcane analyst Jaran Mellerud tweeted: “arcane data shows that listed miners sold 6,200 BTC in July, less than half the amount sold in June. Even after this drop, July is still the year for listings Miners had the second-highest month to sell BTC, a sign that they are still in a difficult financial situation. Listed miners sold 158% of their BTC production in July, the third consecutive month that more BTC sold than 100% yield. Core Scientific and Bitfarms sold the most Bitcoin during this bear market, due to their large BTC and miner collateralized debt positions forcing them to sell.”