Bitcoin Miners are ‘Holding Back’ – What Does This Mean for You?

Bitcoin Miners’ Selling Pressure Hits Historic Low – What Does It Mean for the Market?

Bitcoin miners’ selling pressure has reached its lowest point since May 2024, signaling potential shifts in market dynamics. At the same time, Bitcoin’s hashrate patterns are beginning to echo past trends, raising concerns about miner stress and potential price volatility.

As miners hold back and technical signals mirror past cycles, investors are left to evaluate whether this signals a period of strength or the beginning of another phase of market instability.

Bitcoin Miners’ Selling Pressure – Key Insights

Bitcoin miners’ selling pressure has dropped to an all-time low, reaching levels not seen since May 2024. This rare phenomenon typically indicates a transition phase in the market. Historically, periods of low miner selling pressure have either preceded sideways consolidation or marked price declines.

In previous instances, such as December 2012, September 2013, 2016, and July 2021, the market showed positive reactions after periods of low miner selling pressure. However, in most cases, Bitcoin price momentum struggled to sustain itself.

Source : Bgeometrics

While miners are holding their positions, this move has often signaled underlying instability.

Hashrate Trends and Their Impact on Bitcoin Price

Bitcoin’s hashrate reached a new all-time high in April 2025, mirroring similar trends seen in April 2021. Both periods saw a peak in mining activity, followed by significant drops, often signaling major price corrections.

Notably, April 14th has served as a key inflection point in recent years, marking local tops in 2021 and 2023. While 2025 has yet to see a corresponding price top, the recent cooling of hashrate raises concerns about potential miner stress reappearing.

Could this be the early stages of market volatility, similar to the downturns that followed Bitcoin’s sharp corrections in the past?

Source : Bgeometrics

Year-to-Date Miner Behavior and Strategic Selling

In 2025, Bitcoin miners have largely sold strategically during the early price strength of the year. Their current low selling pressure indicates potential resilience. However, this could also suggest complacency in the market.

If Bitcoin’s price stalls or declines, the risk of miner capitulation could escalate. This would likely lead to forced selling, potentially increasing market volatility.

Bitcoin’s Price Outlook: Is a Correction Imminent?

Source : Tradingview

As of the latest data, Bitcoin was hovering near the $95,000 mark. However, momentum indicators have shown caution signals.

The RSI (Relative Strength Index) is approaching overbought territory at 68.44, suggesting buyer exhaustion. Additionally, the On-Balance Volume (OBV) has flattened after a steady climb, indicating a slowdown in buying pressure.

While Bitcoin has maintained its recent gains, the lack of strong volume support and the rising RSI increase the risk of a near-term pullback. If bulls do not regain aggressive momentum, Bitcoin could face consolidation or a minor correction before testing the $95,500 resistance again.