Bitcoin miners sell more coins than they mine
According to a Arcane Research report, BTC miners are selling more coins than they mined after halving on May 11th. They draw such a conclusion based on the Miner's Rolling Inventory indicator.
The Miner's Rolling Inventory indicator shows the difference between mined and sold bitcoins. If this indicator is below 100%, then miners accumulate cryptocurrency. The indicator of 100% means the equality between the extracted and sold BTC, and above 100% indicates additional sales from previously accumulated stocks.
Interestingly, from January to May, miners mined more BTC than they sold, but before the halving itself, Miner's Rolling Inventory dropped below 100%. And after halving the award on May 11, sales rose again.