Bitcoin miners are ramping up their selling activity near all-time highs, with exchange inflows doubling from 25 to 50 BTC daily as the leading cryptocurrency consolidates around $110,000. Despite increased selling pressure, market absorption remains robust, suggesting strong underlying demand.
This development comes as long-term holders continue strengthening their positions near the $112K ATH, creating an interesting dynamic between miner selling and institutional accumulation.
Miner Selling Activity Analysis
According to crypto analyst Axel Adler, Bitcoin miners have significantly increased their exchange deposits following BTC’s recent push to all-time highs. The daily inflow rate has doubled from an average of 25 BTC to 50 BTC, indicating a clear shift in miner behavior. However, these levels remain well below historical peaks of 100 BTC per day, suggesting moderate rather than extreme selling pressure.
Market Impact and Price Action
Despite increased miner selling, Bitcoin maintains strong technical structure above $108,000. Key support levels include:
- 34 EMA: $108,639
- 50 SMA: $108,271
- 100 SMA: $105,958
- Critical support: $103,600
Institutional Buying Pressure
The market’s ability to absorb increased miner selling without significant price impact demonstrates robust institutional demand. This aligns with recent developments, including Bitwise CEO’s prediction of an institutional tipping point in 2025.
Technical Outlook
For continued upward momentum, Bitcoin needs to reclaim the $111K-$112K range with strong volume. Current consolidation patterns suggest accumulation rather than distribution, with key metrics indicating healthy market structure.
FAQ Section
Why are Bitcoin miners increasing their selling?
Miners typically increase selling activity near all-time highs to realize profits and fund operational costs. The current increase represents normal profit-taking behavior rather than distressed selling.
Will increased miner selling impact Bitcoin’s price?
Current market data suggests the increased selling pressure is being adequately absorbed by strong institutional demand, minimizing potential negative price impact.
What are the key price levels to watch?
The critical support zone lies at $103,600, while the immediate resistance is at the all-time high of $112,000. Breaking above this level could trigger the next leg higher.
Featured image: Shutterstock
