CryptoQuant: Bitcoin miners have stopped large-scale selling, easing sustained sell pressure in the market.

On October 08, CryptoQuant stated that data shows no large-scale outflow of miner funds has been observed since Bitcoin's price hit $76,000 on August 21. At that time, miners' profitability had shifted from "severely low" to "reasonable levels," and the miner community has now ceased net selling. This development eliminates one of the core supply sources that had previously been continuously suppressing the price.