Bitcoin Miners Selling at Fastest Pace Since $19K — Charles Edwards Says Price Usually Higher After One Month

COINOTAG News reported on September 9 that Charles Edwards, founder of crypto quant fund Capriole Investments, observed unusually high levels of Bitcoin miners selling, a pace not seen since Bitcoin traded near $19,000 at the end of 2022. The post characterizes the activity as a material increase in miners selling Bitcoin, framed as a data-driven market signal rather than a prediction.

Edwards attributed the selling to two primary, observable drivers: profit margin compression and a bearish market sentiment prevailing even when operations remain profitable. He noted this pattern has historically correlated with higher prices one month later, a behavioral insight he presented as an empirical observation for traders and analysts monitoring miner flows.