Last time when BTC was over 50000 yuan, I said that when the market fell below the comprehensive cost, miners' shipments were almost unprofitable, so the selling pressure from miners in the market was also very low.So, the risk of individual investors buying spot at this price is much lower than that of miners. But I have never had reliable data on hand, and there are some opinions that interpret miners withdrawing coins as miners smashing the market, and I cannot provide a strong rebuttal.But now I have finally found an MPI chart (Miner Status Index) to prove my previous point. You can take a look. When the MPI index is less than 0, it indicates that miners are actively holding BTC (currently, brainless mining and selling will greatly prolong miners' payback period for mining machines, which is quite difficult).