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Fourteen public companies sold 108,247 Bitcoin worth $8.08 billion in 2026, according to data from Lookonchain cited by AMBCrypto. The sales were driven primarily by mining operations, with MARA and Riot Platforms accounting for half of the total volume.
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As of 09:15 UTC, Bitcoin traded at $73,692, -0.8% over 24 hours, with $32.9 billion in 24-hour volume.
Corporate Sales Breakdown
MARA was the largest seller, offloading 40,581 BTC for $3.03 billion at an average price of $74,446 per coin. Riot Platforms followed as the second-largest seller, disposing of 20,264 BTC valued at $1.51 billion, with an average sale price of approximately $73,231.
Bitdeer ranked third on the list, with 10,553 BTC leaving its wallets between January and September. The majority of the companies included in the dataset are identified as miners. Selling a portion of mined Bitcoin to cover operational costs is a standard practice in the industry. Core Scientific achieved the highest average sale price among the group at approximately $85,000 per coin.
Sequans and KULR were noted as outliers in the dataset because they held Bitcoin as a treasury asset rather than generating it through mining activities.
Short-Term Holder Activity
Data from Cryptoquant indicates that short-term holders (STHs) have also been selling under pressure. The STH SOPR (7-day average) registered at 0.99 at the time of reporting. A reading below 1.0 indicates that more participants are selling at a loss than at a profit.
On November 6, 32,695 BTC held at a loss by short-term holders were sent to exchanges. This volume represented roughly 89% of all STH movements to exchanges on that day. By November 9, Bitcoin had dropped to a new low near $74,000. Despite the price decline, loss-making inflows to exchanges decreased to approximately 9,900 BTC.
Price Action and Technical Indicators
At the time of writing, Bitcoin was trading at approximately $73,686, down 2.2% on the daily chart. The price had fallen from near $86,000 in early October, representing a 15% decline over that period.
Bitcoin attempted a recovery on November 4, jumping back above $80,000. The gain was erased the following day. The Relative Strength Index (RSI) stood at 33.8, a level well below the Signal Line and close to the oversold threshold.
Source: AMBCrypto
