According to on-chain data, Bitcoin miners do not pose a serious threat to the price because they make enough profit from their sales.
CryptoQuant analyst Yonsei Dentshared a detailed report examining the behavior of Bitcoin miners. The report in question stated that miners sold the BTCs they produced in preparation for the Bitcoin halving, which is expected to take place in May, but the situation is not critical enough to go on red alert place was given.
Dent stated that miners are making enough profit thanks to current sales. There is no serious risk of capitulation He reassured investors by stating: Based on this, miners are concerned about serious problems that may occur in the future. They are in a position to withstand Bitcoin declines and it was emphasized that they would not increase sales pressure.
Based on on-chain data, concerns regarding capitulation appear to be minimal. Moreover, it seems that miners have already made enough profits and strengthened their financial position. This shows that miners have the capacity to withstand deeper corrections that may occur in the BTC market in the future.