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 0.42%-news/">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.”