Part 8/12:

A logical concern is whether miners selling BTC will depress its market price. The good news is that there's no direct correlation between miner sales and immediate price drops. Several factors mitigate the impact:

• Miner sales are often priced in or done OTC, minimizing market shock.

• Most sales occur on a monthly basis rather than sudden dumps.

• Miners typically accumulate BTC over time, selling gradually to cover costs.

That said, some on-chain activity, like MEA moving 644 BTC to exchanges in November, coincided with a 12% dip in BTC's price, hinting at occasional outsized sales affecting volatility.