Experts Predict Bitcoin Price Drop as Miners Sell 32K BTC, Pivot to AI
Bitcoin faces downward pressure near $76,990 as public miners sell over 32,000 BTC in Q1 2026 and pivot revenue from ~90% BTC to ~30% AI-driven in 2-3 years, per Capriole Investments. This follows analyst Charles Edwards' April 17 warning of miners' rapid AI shift, with current AI revenue at 13%, declining hashrate, and hashprice at all-time lows of $33/PH/s. Miners reallocating capex from ASICs to AI infrastructure heightens concerns over reduced BTC demand, network security, and equity valuations amid recent miner stock surges for high-AI targets.