⛏️ Bitcoin Miners Record the Lowest Selling Pressure Since May 2024!

Historically, periods of low selling pressure from miners have been followed, most of the time, by sideways consolidation phases or even price declines for Bitcoin.

Positive reactions have been rare, occurring mainly in:

December 2012

September 2013

Several months in 2016

July 2021

In most other cases, lateral movement or declines were the dominant trends.

In April 2025, the Hash Rate reached an all-time high, followed by a drop and a slight recent recovery — a movement similar to what happened in April 2021. It's worth noting that April 14, 2021, and April 14, 2023, marked local tops for Bitcoin, highlighting that April tends to be a critical month for mining.

In 2025, a price top did not occur, but the recent Hash Rate decline raises the question: Are we entering a similar weakening phase like in 2021?

Currently, miner selling pressure remains low, suggesting that miners sold their Bitcoins smartly at the beginning of 2025.

A new wave of selling pressure could emerge if a capitulation process occurs in the mining sector. To monitor this, it’s crucial to keep an eye on:

- BTC movements

- Hash Rate trends

- Mining difficulty

- Performance of publicly traded mining companies

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