Bitcoin’s recent price stability above $100,000 faces a significant test as miners transfer unprecedented amounts of BTC to exchanges, potentially signaling increased selling pressure. Despite maintaining crucial $100K support for 30 days, on-chain metrics suggest mounting bearish pressure.
Record-Breaking Miner Activity Threatens Bitcoin Price
According to CryptoQuant data, Bitcoin miners are transferring coins to exchanges at historic rates, with daily inflows exceeding $1 billion between May 19-28, 2025. This surge in miner-to-exchange transfers could significantly impact market dynamics, potentially pushing BTC below the psychological $100,000 level.
SPONSORED
Trade Bitcoin with up to 100x leverage and maximize your profit potential
Technical Indicators Flash Warning Signs
The Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 200-day SMA, historically a reliable indicator of potential price corrections. This technical development, combined with recent market turbulence following the Trump-Musk dispute, suggests increased downside risk.
Market Impact and Price Projections
Several prominent analysts, including Anup Ziddi, project potential price drops to the $96,000 range if BTC fails to maintain support above $107,000. However, whale accumulation patterns indicate strong buying interest at lower levels, potentially limiting downside risk.
FAQ Section
What does increased miner-to-exchange transfer mean?
When miners transfer large amounts of Bitcoin to exchanges, it often indicates an intention to sell, which can increase supply and potentially lower prices.
How low could Bitcoin price go?
Technical analysts suggest support levels around $96,000, though strong whale accumulation may prevent deeper corrections.
What are the bullish factors to consider?
New Bitcoin whales are actively accumulating, which could create a supply squeeze effect and potentially support prices in the medium term.
