Who is selling their bitcoin? I don’t imagine it’s retail investors… after the recent crypto shenanigans I imagine the non-maxis have scurried away. Whales maybe? No one knows the answer of course but it just struck me as odd.

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There’s a lot of miners selling still as far as I know.

Good point. With the hash rate so high I doubt many have much margin to stack coins. Probably selling just to stay afloat. It’s crazy people aren’t gobbling them up though.

Retail miner here. I mine about 0.01 BTC per month which is about $240 USD in today's price. Monthly hosting fee is $149 per month. Definitely not selling and paying invoice in fiat. Stacking sats for my kids!

Hats off 🎩 No KYC too!

That definitely makes sense. Forgot to factor them in.

Many fiat maxis still lurk