Recent data indicates a significant decrease in Bitcoin (CRYPTO:BTC) miner selling pressure following the halving event earlier this year, which reduced mining rewards.

This reduction in sell-offs suggests a possible stabilisation of the market, potentially paving the way for a bullish rally in the third quarter of 2024.

The decline in selling activity is seen as a positive indicator for Bitcoin’s price, as market absorption of miner sell-offs improves sentiment and market dynamics.

Additionally, partnerships between AI and Bitcoin mining firms, such as Core Scientific and CoreWeave, highlight evolving strategies to enhance operational efficiency amid changing market conditions, signaling broader trends in the industry's adaptation to new economic realities.