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#MinersDumpRecordBtc
We are watching the largest exodus of BTC from miner treasuries in history. MARA, CleanSpark, and Riot dumped over 32,000 BTC in Q1 2026 alone.
The logic is simple and brutal. With mining costs hovering at $80,000 and BTC struggling in the $70,000 range, the hardware is essentially printing losses.
Instead of waiting for a price rally that might not come fast enough, the giants are pivoting. They are selling their stacks to fund the AI and High Performance Computing (HPC) transition.
With over $70 billion in contracts already signed, the top six miners are effectively rebranding as AI infrastructure plays.
CoinShares data suggests this capitulation is not over. Unless we see a vertical move past $85,000, the sell pressure from high cost miners will likely dominate the first half of 2026.
The hash rate is staying high but the conviction to hold is at an all time low.
$RAVE $BASED $ORDI
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