“It is tough to say definitively, but it appears as though the miners' actions are having a direct, immediate impact on price,” Alfred told Cointelegraph on July 1.
“This is especially evident during outlier events like on the 23rd, where we saw miners offload >300% more BTC than they mined that day,” he added, referencing June 23 activity.
i never believe this type of analysis that comes with zero proof specially when they come from an analysis company that is trying to advertise their business as a blockchain analyzer!
for example in this case it is only showing us the price move and an arbitrary chart with some lines showing miners moving coins (MRI) but doesn't say anything about how they came up with a way that could show them those coins that moved by miners (the coinbase transactions paid to the miners from the mining pool) is actually being sold. if i had to guess i'd say the coins were simply moved from one wallet to another, maybe even mixed for more privacy (miner connecting to the pool doesn't have privacy) and now this analysis company is calling THAT selling.
do miners affect bitcoin price? of course they do. they are a part of the market participants and their actions affects the market.
is it direct effect? not anymore than any other investor's actions.