在过去的几个月里，公共比特币矿工的抛售压力一直在增加。这是数字资产价格下跌的直接结果，比特币矿工的现金流量大幅下降。事实证明，盈利能力下降了 60% 以上，鉴于矿工继续承担持续费用，他们不得不从持有的比特币中寻找现金流，这导致了大规模的抛售趋势。
在过去的三个月里，比特币矿工在持有他们开采的 BTC 方面陷入了困境。由于大多数公共比特币矿工在此期间无法提高其哈希率，因此产量大致保持不变。
它始于 6 月，当时比特币价格下跌近 50%。比特币矿工转而使用他们持有的资产来平滑他们运营中参差不齐的部分，出售的 BTC 多于他们生产的 BTC。到月底，公共比特币矿工报告说，他们出售的比特币比当月生产的比特币多出近 400%。在一个月的时间里，BTC 总销量超过 14,000。
这种趋势将持续到 7 月份，公共矿工再次卖出比生产更多的硬币。这一次，矿工们在一个月内总共卖出了 6,200 个比特币，比他们当月生产的比特币多出约 160%。
BTC 与股市的相关性减弱 |来源：奥术研究
这两个月现在都被记录为上市公司 BTC 销售额最高的月份。尽管抛售狂潮，比特币矿商还没有走出困境，但抛售压力可能正在下降。
进入 8 月份，比特币的价格表现明显好于过去两个月。这种复苏对比特币公司的现金流产生了重大影响，与 6 月和 7 月相比，它们的处境要好得多。这并没有完全消除公共矿工的抛售压力，但随着时间的推移已经开始缓解。
BTC 趋势为 23,000 美元 |来源：TradingView.com 上的 BTCUSD
随着比特币价格在上个月上涨超过 10%，这种缓解并不明显。预测是比特币矿工将需要继续出售 BTC 以维持其运营，而 Arcane Research 认为这占总产量的 100% 到 150% 之间。因此，根据 7 月份的数据，公共矿工未来每月可能抛售 4,000 至 6,000 BTC。
然而，如果比特币能够再次突破 30,000 美元，则可能会有所缓和。这个价格点对于该领域的矿工和投资者都至关重要。这将减少公共矿工出售如此多 BTC 的需求，因此流通的硬币会减少。
精选图片来自 Investopedia，图表来自 Arcane Research 和 TradingView.com
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