According to Cointelegraph, the historically accurate Bitcoin price indicator Hash Ribbons flashed a buy signal for the third time in 2025. Miners' BTC sales have slowed since the beginning of the year, decreasing compared to 2024.

CryptoQuant's Hash Ribbons indicator shows that even the current price represents a long-term buying opportunity. This indicator is known for capturing long-term price bottoms, with buy signals being relatively rare.

Miners' BTC reserves remained stable in 2025, with approximately 1.8 million BTC known to be in miner wallets. The 'frenzy' of profit-taking has weakened compared to previous cycles.