Publicly listed Bitcoin miners have emerged as a notable source of selling pressure in 2026, unloading about 28,000 BTC worth roughly $1.78 billion while Bitcoin traded at $63,726.88, just under $64,000. Blockware Intelligence data shows public miners reduced combined holdings from 127,000 BTC to 99,000 BTC. The sales came as Bitcoin fell 27% since the start of 2026, with more than $4.4 billion of net outflows from U.S.-listed spot crypto ETFs, additional selling from long-dormant holders and digital-asset treasury companies such as Strategy (MSTR), and squeezed mining margins as average production costs reached $74,300. Scott Melker said on Daily Wolf that miners' pivot toward AI was a major factor behind the sales, echoing the broader view that some operators are redirecting infrastructure and capital beyond Bitcoin mining.