Bitcoin's price continues to hover around $95,000, but on-chain data and technical indicators quietly send another signal: miners' selling pressure has fallen to its lowest level since May 2024—this phenomenon often does not indicate a simple bullish scenario; rather, it may suggest that structural risks in the market are accumulating.
Is it really a good thing for miners to 'stay silent'?
According to on-chain data, the current selling behavior of miner accounts is extremely sluggish, at historical extreme values. This rare 'silence period' has occurred during several key moments in the past, including December 2012, September 2013, September 2016, and July 2021. Only after these very few time nodes did the Bitcoin market see sustainable upward trends.
In most cases, low selling pressure often appears just before prices become stagnant or are about to undergo significant corrections. The reason is simple: when miners stop selling, it does not necessarily mean they are 'bullish'; they are more likely 'afraid to sell' or 'preparing to wait for higher points', which often indicates that the market has entered an unstable transition period.
In this case, using Mlion.ai's on-chain address behavior tracking feature can provide earlier insights into whether miners' wallet movements are starting to change, thereby avoiding the impact of sudden selling pressure.
Is the hash rate replaying the 'top curse'?
More concerning is the recent trend of the hash rate.
In April, the Bitcoin network's computing power once again set a historical record, reaching a new peak—this is highly similar to the situation in April 2021. At that time, the same hash rate peak occurred just before the market top, and the subsequent price adjustment cost countless investors dearly.
Moreover, interestingly: around April 14 in multiple years has become a 'fate node' for Bitcoin. Mid-April 2021 and 2023 were both significant turning points for price reversals. Now that the hash rate curve is beginning to 'cool down', volatility may be brewing.
To quickly identify divergence between the hash rate and price trends, you can use Mlion.ai's intelligent trend prediction and multi-chain technical indicator tracking module to assist in determining whether a phase peak or structural oscillation is approaching.
Will miners 'capitulate' again?
In early 2025, miners had already systematically offloaded as the market warmed up. Now they have stopped selling; some believe this shows resilience, while others are concerned it is a warning signal of complacency.
If the price stagnates or even dips again, it will severely test miners' ability to withstand pressure. At that point, if the cost line breaks down, it will trigger a new wave of 'miner capitulation', and this forced selling pressure often acts as a catalyst for short-term corrections in the Bitcoin market.
Mlion.ai's fund flow detection system can monitor whether miners' wallets show abnormal coin transfers in real-time, providing investors with an early warning radar to avoid systemic risks.
Technical signal: A sense of unease
From a technical perspective, Bitcoin is currently still above $95,000, but momentum indicators are beginning to weaken:
The RSI indicator has approached 68.44, nearing the 'overbought' edge, and buying power may be facing fatigue;
ABP (Average Buying Pressure) has flattened after a recent continuous rise, indicating a slowdown in short-term bullish momentum;
Trading volume has not shown effective expansion, and the price increase lacks fundamental support.
If the bulls cannot launch a new offensive in a short time, Bitcoin may not only consolidate in the current range but also has the possibility of retracing to the $91,000-$93,000 range, serving as a new support confirmation zone.
Mlion.ai's suggestions and auxiliary tools
In the face of the current market's complex signals, insights from the following dimensions are crucial:
Miner address behavior → Signs of a new round of coin transfer transactions;
Hash rate and price decoupling tracking → Is there a potential 'top reversal' expectation;
Whale/institution behavior scanning → Are there signs of large sell orders or concentrated liquidations;
Sentiment indicators and news analysis → Is the market overly excited or hiding panic emotions;
Funds flow of coins/ETFs → Determine whether funds are being diverted to other tracks.
All the above content can be accomplished on the Mlion.ai platform through chart data, AI interpretations, and on-chain monitoring systems, helping investors maintain clear judgment during high volatility phases and build a more rational trading system.
Conclusion:
The current Bitcoin market appears stable and rising, but undercurrents are stirring. History does not simply repeat itself, yet it often bears striking similarities.
The silence of miners, the high turning point of the hash rate, and the dulling of momentum indicators... all of these are signals that cannot be easily ignored.
If you want to stand firm before the next wave of volatility, perhaps what you need most now is not more predictions but an AI assistant that can decode the essence of data.
Mlion.ai is the watchtower of this era.
Disclaimer
The above content is for informational sharing only and does not constitute any investment advice. The digital asset market is highly volatile; please invest cautiously and according to your ability.
