Attention all crypto enthusiasts! A major news event has just erupted in the mining industry, sending the market into a frenzy—Cipher Mining, a North American mining company, just mined 160 Bitcoins in June 2025 and immediately sold 58 of them! This move has set off a storm in crypto chats, with some calling it a 'miner sell-off and crash warning,' some cursing 'capitalists cutting leeks', and others sneering, 'I saw through these mining bosses' tricks long ago'... Today, K-line Brother will take everyone to explore what tricks are hidden behind this, and what retail investors should do!
Let's talk about the data: What does 160 BTC mean?
Based on the current price of 600,000 RMB per Bitcoin, 160 coins are worth 96 million RMB! But what’s most surprising about Cipher Mining's recent actions is that they sold them immediately after mining, and sold 36% at once! This is clearly not holding onto coins; it’s a 'mining, withdrawal, and sale' one-stop service! It’s important to know that mining companies usually rely on holding coins to make profits in a bull market. This unusual sell-off has led the market to speculate: is the mining community collectively bearish about the future?
Why is this matter explosive?
Miner sell-off = death signal?
Haven't we learned enough from history? At the peak of the bull market in 2021, how many mining companies crazy cashed out, resulting in Bitcoin being cut in half! Now that Cipher Mining is leading the way in selling coins, the market's first reaction is: 'Do the mining bosses know some insider information?' Retail investors are most afraid of this kind of 'foreknowledge' sell pressure, after all, miners have low costs, and when they hit the market, they hit hard. The pressure from public company financial reports is immense. Cipher Mining is a listed company on the US stock market, and they have to submit their reports during earnings season! They just sold coins in June; the July report might rely on this money to 'beautify the data'. But the problem is—how long can the cash flow from selling coins last? If the coin price continues to fall, will they have to keep selling for the next report? This is a vicious cycle! The Bitcoin ecosystem is rife with undercurrents.
Recently, the inflow of funds into Bitcoin ETFs has slowed, combined with rising expectations of interest rate hikes from the Federal Reserve, making the market already sensitive. At this time, mining companies selling coins directly hands the bears a knife! Technically, if Bitcoin falls below the 60-day moving average (currently about 580,000), it may trigger a chain reaction, so retail investors should buckle up!
What should retail investors do?
Keep an eye on the mining company's wallet address
The blockchain is transparent now; there will definitely be unusual movements before mining companies sell coins! Pay attention to Cipher Mining's subsequent actions. If they continue to sell, run quickly; if they hold onto the coins, it might just be a false alarm. Don't be brainwashed by 'good news'.
Some KOLs will shout, 'Mining companies selling coins is good news because they need to upgrade their equipment.' Haha, does upgrading equipment require selling 36% of the output? This reason is flimsier than the balance of a retail investor's account! Remember: large sell-offs by miners = short-term bad news; don’t be the bag holder! Monitor the 'miner balance' indicator for Bitcoin. If the wallet balances of miners across the network continue to decline, it indicates everyone is cashing out; reduce your holdings quickly. If the balance rises, then it’s a bull market signal. This indicator has now dropped to a yearly low, so be cautious!